Flex Ltd (FLEX)
Receivables turnover
Mar 31, 2025 | Dec 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 25,813,000 | 25,584,000 | 26,131,000 | 27,057,000 | 28,079,000 | 29,387,000 | 30,040,000 | 30,335,000 | 30,346,000 | 29,720,000 | 28,583,000 | 27,046,000 | 26,041,000 | 25,456,000 | 25,557,000 | 25,313,000 | 24,124,330 | 23,342,820 | 23,084,210 | 23,187,260 |
Receivables | US$ in thousands | 3,671,000 | 4,015,000 | 4,097,000 | 3,409,000 | 3,282,000 | 4,209,000 | 4,378,000 | 4,352,000 | 4,280,000 | 4,453,000 | 4,487,000 | 4,292,000 | 3,890,000 | 3,883,000 | 3,897,000 | 4,001,000 | 4,241,000 | 4,191,000 | 3,985,000 | 3,587,040 |
Receivables turnover | 7.03 | 6.37 | 6.38 | 7.94 | 8.56 | 6.98 | 6.86 | 6.97 | 7.09 | 6.67 | 6.37 | 6.30 | 6.69 | 6.56 | 6.56 | 6.33 | 5.69 | 5.57 | 5.79 | 6.46 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,813,000K ÷ $3,671,000K
= 7.03
Flex Ltd's receivables turnover has fluctuated over the past few years, ranging from a low of 5.57 in December 2020 to a high of 8.56 in March 2024. The trend overall shows some variability, but with a general increasing pattern. This indicates that the company has been able to collect its accounts receivable more efficiently over time.
The average receivables turnover for the period analyzed is around 6.65, with the latest figure reported at 7.03 as of March 31, 2025. A higher receivables turnover ratio suggests that Flex Ltd is converting its accounts receivable into cash more rapidly, which may indicate strong sales performance, efficient credit management, or effective collection strategies.
Investors and stakeholders may view an increasing receivables turnover ratio positively, as it implies that the company is effectively managing its receivables and maintaining a healthy cash flow. However, it is essential to monitor this ratio over time to ensure sustainability and effectiveness in managing working capital.
Peer comparison
Mar 31, 2025