Dolby Laboratories (DLB)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,273,721 | 1,259,477 | 1,269,029 | 1,280,397 | 1,299,744 | 1,287,386 | 1,278,601 | 1,237,081 | 1,253,793 | 1,260,614 | 1,257,828 | 1,243,015 | 1,281,256 | 1,267,422 | 1,227,532 | 1,259,789 | 1,161,792 | 1,189,428 | 1,244,678 | 1,231,121 |
| Receivables | US$ in thousands | 489,265 | 422,843 | 433,131 | 426,128 | 412,645 | 408,065 | 401,315 | 401,497 | 350,493 | — | — | 346,549 | 330,109 | 384,980 | 401,705 | 420,748 | 242,440 | 324,386 | 362,043 | 191,001 |
| Receivables turnover | 2.60 | 2.98 | 2.93 | 3.00 | 3.15 | 3.15 | 3.19 | 3.08 | 3.58 | — | — | 3.59 | 3.88 | 3.29 | 3.06 | 2.99 | 4.79 | 3.67 | 3.44 | 6.45 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,273,721K ÷ $489,265K
= 2.60
Dolby Laboratories' receivables turnover has exhibited some fluctuations over the past several quarters. The receivables turnover ratio measures how efficiently a company collects outstanding receivables during a specific period. A higher turnover ratio generally indicates more effective management of accounts receivable.
From December 2019 to September 2020, the receivables turnover ratio fluctuated between 2.99 and 6.45, showing some variability in Dolby Laboratories' collection efficiency during this period. However, from December 2020 to September 2024, the turnover ratio ranged from 2.60 to 3.88, with the most recent value being 2.60 as of September 30, 2024.
The trend over the past few quarters indicates a relatively stable but moderate decrease in the receivables turnover ratio for Dolby Laboratories. It is important for investors and stakeholders to monitor this ratio to assess the company's effectiveness in managing its accounts receivable and ensuring timely collection of outstanding payments.
Peer comparison
Sep 30, 2024