Corsair Gaming Inc (CRSR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Receivables | US$ in thousands | 253,268 | 235,656 | 291,287 | 293,629 |
| Receivables turnover | 5.76 | 5.84 | 6.54 | 5.80 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,459,880K ÷ $253,268K
= 5.76
The trend in Corsair Gaming Inc's receivables turnover over the past five years has shown some fluctuations. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period.
In 2023, the receivables turnover ratio was 5.76, slightly lower than the previous year's ratio of 5.84. This indicates that the company took approximately 5.76 days to collect its accounts receivable in 2023. A lower receivables turnover ratio may suggest that the company is taking longer to collect payments from customers or that there are potential issues with credit policies or collection efforts.
Despite the slight dip in 2023, the company's receivables turnover ratio has generally been within a relatively stable range over the past five years, with the highest ratio of 6.54 observed in 2021 and the lowest of 5.42 in 2019. This stability could indicate that Corsair Gaming Inc has maintained a consistent approach to managing its accounts receivable and collecting payments from customers.
Overall, while the slight decline in the receivables turnover ratio from 2022 to 2023 warrants some attention, the company's historical performance indicates a reasonable level of efficiency in collecting its accounts receivable over the years.
Peer comparison
Dec 31, 2023