Flex Ltd (FLEX)
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 | 26,095,000 | 26,986,000 | 27,967,000 | 29,217,000 | 29,857,000 | 30,143,000 | 30,146,000 | 29,578,000 | 28,452,000 | 26,922,000 | 25,927,000 | 25,342,000 | 25,444,000 | 25,204,000 | 24,050,230 | 23,268,720 | 23,049,280 | 23,150,040 | 24,173,530 | 24,915,160 |
| Receivables | US$ in thousands | 3,502,000 | 2,952,000 | 3,033,000 | 3,605,000 | 3,801,000 | 3,764,000 | 3,739,000 | 3,939,000 | 3,956,000 | — | 3,371,000 | 3,493,000 | — | — | 4,106,000 | 4,070,000 | 3,804,000 | 3,280,840 | 2,435,980 | 3,004,170 |
| Receivables turnover | 7.45 | 9.14 | 9.22 | 8.10 | 7.86 | 8.01 | 8.06 | 7.51 | 7.19 | — | 7.69 | 7.26 | — | — | 5.86 | 5.72 | 6.06 | 7.06 | 9.92 | 8.29 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,095,000K ÷ $3,502,000K
= 7.45
The receivables turnover ratio for Flex Ltd has shown variability over the past few quarters.
In the most recent quarter ending September 30, 2024, the receivables turnover was 7.45, which indicates that the company collected its accounts receivable approximately 7.45 times during the period. This figure has decreased from the previous quarter, where it was 9.14 and is below the peak turnover of 9.22 seen in March 31, 2024.
Looking at the trend over the past two years, the turnover ratio has fluctuated between 5.72 and 9.22, with some quarters showing more efficient collections than others.
A lower receivables turnover ratio may suggest that Flex Ltd is taking longer to collect its receivables, which could have implications for its cash flow and liquidity. It would be important for the company to monitor and potentially improve its credit and collection policies to ensure timely receipt of payments from customers.
Peer comparison
Sep 30, 2024