Dolby Laboratories (DLB)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,241,620 | 1,208,118 | 1,120,739 |
| Receivables | US$ in thousands | 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 | 246,315 | 231,185 | 178,617 |
| Receivables turnover | 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 | 5.04 | 5.23 | 6.27 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,280,397K ÷ $426,128K
= 3.00
The receivables turnover for Dolby Laboratories has shown fluctuations over the past years, ranging from a low of 2.99 to a high of 6.45. The ratio measures how efficiently the company collects its outstanding accounts receivable during a specific period. A higher receivables turnover indicates better efficiency in collecting receivables.
The trend in Dolby Laboratories' receivables turnover appears to have been somewhat volatile, with variations in performance from quarter to quarter. In recent periods, the company has shown an improvement in collecting receivables, with ratios above the 3.0 mark, indicating a relatively efficient collection process.
It is important for Dolby Laboratories to closely monitor its receivables turnover ratio to ensure timely collection of accounts receivable. Consistently high ratios could indicate a strong credit control process, while a declining ratio may signal potential issues with collections, credit policies, or customer payment behavior. Overall, a stable and healthy receivables turnover ratio is essential for maintaining strong cash flow and overall financial health.
Peer comparison
Dec 31, 2023