Intel Corporation (INTC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,879,000 | 61,811,000 | 78,168,000 | 76,984,000 | 71,052,000 |
| Receivables | US$ in thousands | 3,461,000 | 4,271,000 | 9,480,000 | 6,913,000 | 7,735,000 |
| Receivables turnover | 15.57 | 14.47 | 8.25 | 11.14 | 9.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $53,879,000K ÷ $3,461,000K
= 15.57
The analysis of Intel Corporation's receivables turnover ratio reveals a consistent improvement in the efficiency of collecting receivables over the past five years. The receivables turnover ratio increased from 9.19 in 2019 to 15.57 in 2023, indicating that Intel has been able to collect outstanding receivables more frequently each year.
A higher receivables turnover ratio signifies that the company is more efficient in converting its accounts receivable into cash. This improvement may suggest better credit management policies, timely collection efforts, and stronger customer relationships.
The trend of increasing receivables turnover is a positive indicator of Intel's liquidity and financial health. It demonstrates the company's ability to manage its receivables effectively and convert them into cash, which can enhance working capital management and overall financial performance.
Peer comparison
Dec 31, 2023