Cirrus Logic Inc (CRUS)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	1,896,080	1,788,890	1,897,620	1,781,460	1,369,230
Receivables	US$ in thousands	216,009	162,478	150,473	240,264	108,712
Receivables turnover		8.78	11.01	12.61	7.41	12.60

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,896,080K ÷ $216,009K
= 8.78

Using the data provided, Cirrus Logic Inc's receivables turnover ratio has shown fluctuations over the years. The ratio decreased from 12.60 in March 2021 to 7.41 in March 2022, indicating a decrease in the efficiency of the company in collecting its accounts receivable during that period. However, there was an improvement in the receivables turnover ratio to 12.61 in March 2023, indicating a more efficient collection of receivables.

The ratio then decreased slightly to 11.01 in March 2024, suggesting a slight decrease in the efficiency of collecting receivables compared to the previous year. Finally, in March 2025, the receivables turnover ratio further decreased to 8.78, potentially indicating a longer collection period for accounts receivable.

Overall, the trend of Cirrus Logic Inc's receivables turnover ratio has been mixed, with fluctuations observed over the years. It is essential for the company to monitor this ratio consistently to ensure efficient management of its accounts receivable and timely collection of outstanding balances.