F5 Networks Inc (FFIV)

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	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	2,242,447	2,214,768	2,193,577
Receivables	US$ in thousands	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	322,029	320,465	321,484
Receivables turnover		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	6.96	6.91	6.82

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,816,688K ÷ $513,176K
= 5.49

The receivables turnover ratio for F5 Inc has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 5.47 in Q1 2024 to a high of 6.41 in Q2 2022. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is a positive sign of efficient cash management.

The data suggests that F5 Inc's ability to collect on its credit sales improved from Q1 2023 through Q2 2023, as the receivables turnover ratio increased steadily. However, there was a slight dip in Q3 2023 before a rebound in Q4 2023. The ratio then decreased again in Q1 2024.

Overall, the average receivables turnover ratio for F5 Inc over the period is 5.97, which is relatively consistent with industry standards. It is important for the company to monitor this ratio regularly to ensure effective management of accounts receivable and maintain a healthy cash flow.