F5 Networks Inc (FFIV)

Receivables turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	2,827,870	2,717,440	2,616,420	2,361,020	2,242,450
Receivables	US$ in thousands	454,832	469,979	340,536	296,183	322,029
Receivables turnover		6.22	5.78	7.68	7.97	6.96

September 30, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,827,870K ÷ $454,832K
= 6.22

Sure, let's analyze the receivables turnover ratio for F5 Inc over the past five years:

Receivables turnover is a financial ratio that measures how efficiently a company is able to collect cash from its credit sales. A higher receivables turnover ratio indicates better efficiency in collecting receivables.

For F5 Inc:
- In Sep 30, 2023, the receivables turnover ratio was 6.19. This indicates that F5 Inc collected its receivables approximately 6.19 times during the year. It suggests a slight improvement compared to the previous year.
- In Sep 30, 2022, the ratio was 5.74. This suggests a decrease in efficiency compared to the prior year.
- In Sep 30, 2021, the ratio was 7.65, showing strong improvement in the collection of receivables.
- In Sep 30, 2020, the ratio was 7.94, indicating efficient collection of receivables.
- In Sep 30, 2019, the ratio was 6.96, reflecting relatively efficient collection.

Overall, F5 Inc's receivables turnover ratio has fluctuated over the past five years, with some years showing improved efficiency in collecting receivables and others showing a slight decline. It is important to further investigate the reasons behind these fluctuations, such as changes in credit policies, customer payment behavior, or macroeconomic factors affecting the industry.