Dolby Laboratories (DLB)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,299,740 | 1,253,790 | 1,281,260 | 1,161,790 | 1,241,620 |
| Receivables | US$ in thousands | 412,645 | 350,493 | 330,109 | 242,440 | 246,315 |
| Receivables turnover | 3.15 | 3.58 | 3.88 | 4.79 | 5.04 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,299,740K ÷ $412,645K
= 3.15
Dolby Laboratories' receivables turnover has exhibited a declining trend over the past five years, with values of 3.15 in 2023, 3.58 in 2022, 3.88 in 2021, 4.79 in 2020, and 5.04 in 2019. A lower receivables turnover ratio indicates that the company is collecting its accounts receivables at a slower pace compared to previous years. This could be due to changes in credit policies, customer payment behavior, or the overall economic environment. Further analysis of the company's receivables management practices and its impact on cash flow and liquidity would be necessary to fully evaluate the implications of this trend.
Peer comparison
Sep 30, 2023