Ichor Holdings Ltd (ICHR)

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	791,741	890,431	1,051,200	1,198,719	1,269,013	1,256,502	1,165,476	1,118,696	1,089,729	1,047,699	1,011,957	950,502	905,509	849,443	775,610	692,781	610,190	562,064	582,925	693,162
Receivables	US$ in thousands	66,721	103,350	95,760	122,693	136,321	183,297	—	—	142,990	121,680	119,108	108,674	100,977	104,121	104,859	87,573	84,849	77,140	41,571	53,897
Receivables turnover		11.87	8.62	10.98	9.77	9.31	6.86	—	—	7.62	8.61	8.50	8.75	8.97	8.16	7.40	7.91	7.19	7.29	14.02	12.86

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $791,741K ÷ $66,721K
= 11.87

The receivables turnover ratio of Ichor Holdings Ltd has displayed fluctuations over the periods provided. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.

In December 2023, the receivables turnover ratio was 11.87, showing that the company collected its outstanding receivables nearly 12 times during that period. This was an improvement compared to the ratio of 8.62 in September 2023.

The company's receivables turnover peaked at 14.02 in March 2019, indicating a high efficiency in collecting receivables. However, it also experienced lower turnover ratios in certain quarters, such as in March 2020 with a ratio of 7.91, suggesting a slower collection of receivables during that period.

Overall, the trend in the receivables turnover ratio for Ichor Holdings Ltd fluctuates but generally indicates that the company has been successful in efficiently managing its accounts receivable collections over the periods presented.