Corsair Gaming Inc (CRSR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | |||
| Receivables | US$ in thousands | 253,268 | 251,079 | 220,219 | 220,992 | 235,656 | 156,311 | 170,309 | 236,472 | 291,287 | 252,406 | 258,789 | 304,174 | 293,629 | 259,542 |
| Receivables turnover | 5.76 | 5.74 | 6.31 | 6.10 | 5.84 | 9.51 | 9.20 | 7.42 | 6.54 | 7.72 | 7.79 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,459,875K ÷ $253,268K
= 5.76
The receivables turnover ratio, which measures how efficiently a company is able to collect outstanding receivables from its customers, has fluctuated over the past eight quarters for Corsair Gaming Inc.
In Q4 2023, the receivables turnover ratio was 5.76, showing a slight increase from the previous quarter. This suggests that Corsair Gaming Inc collected its outstanding receivables approximately 5.76 times during that quarter.
Comparing this to previous quarters, there was a significant decrease in receivables turnover from Q3 2022 to Q4 2022, where the ratio dropped from 9.51 to 5.84. This could indicate a delay in collecting receivables during that period.
Overall, the company's receivables turnover ratio has been relatively stable, with some fluctuations. A higher turnover ratio is generally seen as positive as it indicates that the company is efficient in collecting payments from its customers. However, it's essential to monitor any significant changes in the ratio over time to ensure healthy cash flow management.
Peer comparison
Dec 31, 2023