Fox Factory Holding Corp (FOXF)
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 | 1,446,505 | 1,531,268 | 1,610,118 | 1,618,829 | 1,597,282 | 1,529,458 | 1,470,392 | 1,393,548 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 763,913 | 771,928 | 748,438 | 719,367 | 683,848 | 648,724 |
| Receivables | US$ in thousands | 171,060 | 149,989 | 171,303 | 195,313 | 200,440 | 194,422 | — | — | 142,040 | — | — | — | 121,194 | — | — | — | — | — | — | — |
| Receivables turnover | 8.46 | 10.21 | 9.40 | 8.29 | 7.97 | 7.87 | — | — | 9.15 | — | — | — | 7.35 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,446,505K ÷ $171,060K
= 8.46
The receivables turnover ratio for Fox Factory Holding Corp has fluctuated over the past few quarters, ranging from a low of 7.35 to a high of 10.21. This ratio measures how efficiently the company is collecting on its accounts receivable, with a higher turnover ratio indicating that the company is collecting payments more frequently during the year.
In the most recent quarter, the receivables turnover was 8.46, which suggests that Fox Factory Holding Corp collected its accounts receivable approximately 8.46 times during the year. This indicates that the company is efficiently managing its receivables and converting them into cash.
It is important for investors and analysts to monitor the trend of the receivables turnover ratio over time to assess the company's collection efficiency and potential liquidity issues. While the trend has been relatively stable in recent quarters, it would be beneficial to continue monitoring this ratio in future financial reports to ensure effective management of accounts receivable.
Peer comparison
Dec 31, 2023