Dolby Laboratories (DLB)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,273,720 | 1,299,740 | 1,253,790 | 1,281,260 | 1,161,790 |
| Receivables | US$ in thousands | 489,265 | 412,645 | 350,493 | 330,109 | 242,440 |
| Receivables turnover | 2.60 | 3.15 | 3.58 | 3.88 | 4.79 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,273,720K ÷ $489,265K
= 2.60
Dolby Laboratories' receivables turnover has been declining over the past five years, indicating that the company takes longer to collect payments from its customers. In particular, the ratio decreased from 4.79 in 2020 to 2.60 in 2024. This downward trend suggests potential difficulties in efficiently managing accounts receivable and collecting payments in a timely manner. It may be important for Dolby Laboratories to review its credit policies and collection practices to improve its cash flow and overall financial performance.
Peer comparison
Sep 30, 2024
Company name
Symbol
Receivables turnover
Dolby Laboratories
DLB
2.60
InterDigital Inc
IDCC
3.77
Marathon Digital Holdings Inc
MARA
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