F5 Networks Inc (FFIV)

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	2,827,520	2,787,720	2,794,867	2,816,688	2,830,769	2,832,628	2,804,474	2,735,523	2,720,645	2,701,609	2,678,636	2,689,699	2,618,816	2,545,335	2,477,072	2,415,234	2,356,422	2,331,994	2,312,136	2,273,582
Receivables	US$ in thousands	389,024	441,386	413,725	513,176	454,832	439,518	485,622	485,277	469,979	455,762	414,218	419,282	340,536	382,897	374,404	346,670	296,183	304,874	338,655	354,668
Receivables turnover		7.27	6.32	6.76	5.49	6.22	6.44	5.78	5.64	5.79	5.93	6.47	6.42	7.69	6.65	6.62	6.97	7.96	7.65	6.83	6.41

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,827,520K ÷ $389,024K
= 7.27

The receivables turnover ratio for F5 Networks Inc has shown variation over the past few quarters. The ratio indicates how efficiently the company is collecting outstanding receivables from its customers. A higher receivables turnover ratio is generally favorable as it suggests that the company is collecting its outstanding receivables quickly.

From the data provided:

- The receivables turnover ratio has fluctuated between 5.49 and 7.69 over the past few quarters.
- The ratio was highest at 7.69 in Sep 2021 and lowest at 5.49 in Dec 2023.
- The average receivables turnover ratio over the given periods appears to be around 6.61.

Overall, the company's receivables turnover ratio indicates that it has been relatively consistent in collecting its outstanding receivables efficiently. However, it is important to analyze the trend over a longer period to get a more comprehensive understanding of the company's receivables management.