F5 Networks Inc (FFIV)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	2,822,220	2,827,870	2,717,440	2,616,420	2,361,020
Receivables	US$ in thousands	389,024	454,832	469,979	340,536	296,183
Receivables turnover		7.25	6.22	5.78	7.68	7.97

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,822,220K ÷ $389,024K
= 7.25

The receivables turnover ratio of F5 Networks Inc has shown variability over the past five years. In 2024, the receivables turnover ratio increased to 7.25 from 6.22 in 2023, indicating that the company collected its accounts receivables more efficiently during that period. However, this ratio was lower compared to 7.97 in 2020.

Overall, the trend in the receivables turnover ratio for F5 Networks Inc suggests fluctuations in the effectiveness of the company in collecting its accounts receivables over the past five years. It is essential for the company to closely monitor and manage its accounts receivables to ensure a healthy cash flow and efficient working capital management.