InterDigital Inc (IDCC)
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 | 517,655 | 504,255 | 483,937 | 497,549 | 401,152 | 416,818 | 445,514 | 426,114 | 407,069 | 385,797 | 330,293 | 343,605 | 336,872 | 348,243 | 333,653 | 307,944 | 307,764 | 280,929 | 290,301 | 288,591 |
| Receivables | US$ in thousands | 137,127 | 75,934 | 79,801 | 66,854 | 117,299 | 64,103 | 63,183 | 55,290 | 88,240 | 49,734 | 46,214 | 70,334 | 69,592 | — | — | — | 38,021 | — | — | — |
| Receivables turnover | 3.78 | 6.64 | 6.06 | 7.44 | 3.42 | 6.50 | 7.05 | 7.71 | 4.61 | 7.76 | 7.15 | 4.89 | 4.84 | — | — | — | 8.09 | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $517,655K ÷ $137,127K
= 3.78
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. A higher ratio indicates that a company is collecting its accounts receivable more quickly, which is generally favorable.
Interdigital Inc's receivables turnover has fluctuated over the past eight quarters, ranging from as low as 0.97 to as high as 5.63.
In Q4 2023, the receivables turnover ratio was 4.01, showing an increase from the previous quarter, Q3 2023, when it was 3.49. This indicates that the company collected its accounts receivable more efficiently in Q4 2023.
The lowest receivables turnover ratio during this period was in Q3 2022 at 0.97, suggesting that the company faced challenges in collecting payments from customers during that quarter.
On the other hand, the highest ratio was in Q2 2022 at 5.63, reflecting a period of very efficient collections by the company.
Overall, it is essential for Interdigital Inc to monitor and manage its receivables turnover to ensure that it maintains a healthy balance between collecting payments promptly and maintaining good relationships with its customers.
Peer comparison
Dec 31, 2023