Cirrus Logic Inc (CRUS)

Receivables turnover

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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	Jun 30, 2019
Revenue (ttm)	US$ in thousands	1,788,131	1,789,079	1,760,694	1,820,205	1,896,542	2,014,981	1,972,748	1,898,050	1,781,915	1,584,295	1,521,700	1,403,112	1,368,432	1,354,186	1,243,059	1,284,646	1,280,324	1,241,474	1,191,101	1,168,494
Receivables	US$ in thousands	162,478	217,269	271,894	186,033	150,473	270,493	304,546	206,272	240,264	326,131	280,967	136,534	108,712	244,803	181,496	136,539	153,998	175,937	217,962	111,497
Receivables turnover		11.01	8.23	6.48	9.78	12.60	7.45	6.48	9.20	7.42	4.86	5.42	10.28	12.59	5.53	6.85	9.41	8.31	7.06	5.46	10.48

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,788,131K ÷ $162,478K
= 11.01

The receivables turnover ratio for Cirrus Logic Inc has shown fluctuation over the past few quarters. The ratio indicates how many times a company collects its accounts receivable balance during a specific period. A higher receivables turnover ratio typically suggests that the company is efficient in collecting cash from its customers.

Looking at the data provided:
- The receivables turnover ratio ranged from a low of 4.86 to a high of 12.60.
- The highest ratio was observed in Mar 31, 2023, indicating that the company collected its accounts receivable 12.60 times during that quarter.
- The lowest ratio was seen in Dec 31, 2021, showing that the company collected its accounts receivable only 4.86 times during that quarter.

Overall, the trend seems to be fluctuating, with periods of both increases and decreases in the receivables turnover ratio. It's important for analysts to further investigate the reasons behind these fluctuations to understand the company's effectiveness in managing its receivables and collecting cash from customers.