Coherent Inc (COHR)
Receivables turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,423,018 | 4,299,508 | 4,340,458 | 4,597,078 | 4,934,810 | 4,651,274 | 4,272,489 | 3,735,009 | 3,202,059 | 3,158,235 | 3,142,576 | 3,124,028 | 3,042,393 | 2,969,222 | 2,797,167 | 2,663,756 | 2,289,531 | 1,925,884 | 1,664,222 | 1,363,540 |
| Receivables | US$ in thousands | 848,542 | 955,644 | 856,098 | 795,730 | 901,531 | 924,369 | 956,674 | 975,437 | 700,331 | 653,095 | 604,206 | 663,940 | 658,962 | 615,163 | 570,985 | 577,127 | 598,124 | 496,427 | 488,902 | 514,104 |
| Receivables turnover | 5.21 | 4.50 | 5.07 | 5.78 | 5.47 | 5.03 | 4.47 | 3.83 | 4.57 | 4.84 | 5.20 | 4.71 | 4.62 | 4.83 | 4.90 | 4.62 | 3.83 | 3.88 | 3.40 | 2.65 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,423,018K ÷ $848,542K
= 5.21
The receivables turnover ratio for Coherent Inc has fluctuated over the past several quarters, indicating varying trends in the company's ability to efficiently collect its accounts receivables.
The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a specific period. A higher turnover ratio typically indicates that the company is collecting its receivables more quickly, which is generally seen as a positive sign of efficiency.
Looking at the data provided, we observe that the receivables turnover ratio ranged from a low of 2.65 in Q3 2019 to a high of 5.78 in Q3 2023. The highest peaks in the ratio were seen in Q3 2023, Q1 2022, and Q2 2023, indicating efficient collection of receivables during those periods.
However, we also notice some dips in the ratio, such as in Q3 2020, Q4 2020, and Q3 2022, which may suggest challenges in collecting accounts receivable efficiently during those quarters.
Overall, it appears that Coherent Inc has generally maintained a receivables turnover ratio above 4 in recent quarters, indicating a moderately efficient collection of accounts receivable. It would be advisable for the company to continue monitoring and managing its accounts receivable collection process to ensure consistent cash flow and liquidity.
Peer comparison
Jun 30, 2024