InterDigital Inc (IDCC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 516,955 | 406,489 | 407,069 | 329,455 | 280,969 |
| Receivables | US$ in thousands | 137,127 | 117,299 | 88,240 | 69,592 | 38,021 |
| Receivables turnover | 3.77 | 3.47 | 4.61 | 4.73 | 7.39 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $516,955K ÷ $137,127K
= 3.77
The receivables turnover ratio of Interdigital Inc has shown fluctuations over the past five years. In 2019, the company had a significantly high receivables turnover of 11.28, indicating that its receivables were being collected and converted into cash quickly throughout the year. However, in subsequent years, the receivables turnover ratio decreased, suggesting a slowdown in the collection of receivables.
In 2020, the receivables turnover ratio was 4.19, showing a decline from the previous year but still indicating a relatively efficient collection of receivables. The ratio dipped further to 4.82 in 2021, before decreasing even more to 3.44 in 2022. This downward trend might imply challenges in collecting receivables efficiently during these years.
However, in 2023, the receivables turnover ratio improved to 4.01, indicating a better collection of receivables compared to 2022 but still not reaching the levels seen in 2019. Overall, the trend in the receivables turnover ratio suggests that Interdigital Inc may have experienced variations in its ability to collect receivables promptly over the past five years.
Peer comparison
Dec 31, 2023