FormFactor Inc (FORM)

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	732,076	662,117	669,597	715,987	745,371	785,746	794,842	779,014	768,638	761,607	749,597	719,290	693,331	674,206	636,585	616,428	587,310	549,284	543,314	540,417
Receivables	US$ in thousands	102,957	88,965	94,013	—	88,143	110,497	107,726	113,505	115,541	105,807	108,265	103,500	107,603	96,946	86,616	90,100	97,868	85,228	71,813	82,753
Receivables turnover		7.11	7.44	7.12	—	8.46	7.11	7.38	6.86	6.65	7.20	6.92	6.95	6.44	6.95	7.35	6.84	6.00	6.44	7.57	6.53

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $732,076K ÷ $102,957K
= 7.11

The receivables turnover ratio for FormFactor Inc has shown some fluctuations over the periods analyzed. It measures how efficiently the company is able to collect payments from its customers. A higher receivables turnover ratio indicates that the company can collect receivables more quickly.

In the most recent period, the receivables turnover ratio was 7.11, slightly lower compared to the previous quarter's figure of 7.44. This may suggest that the company took longer to collect payments from its customers during the period. However, the ratio remains at a relatively healthy level, indicating that FormFactor Inc is efficiently managing its receivables.

Looking at the trend over the past few quarters, there have been fluctuations in the receivables turnover ratio, with some quarters showing higher ratios (e.g., 8.46 in Q4 2022) and some quarters showing lower ratios. Overall, the company has been maintaining a consistent average receivables turnover ratio over the periods analyzed.

It is important for FormFactor Inc to monitor its receivables turnover ratio regularly to ensure that it is effectively managing its accounts receivable and maintaining healthy cash flow. A stable and optimal receivables turnover ratio is a good indicator of the company's financial health and operational efficiency.