Intel Corporation (INTC)
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 | 54,609,000 | 49,921,000 | 51,712,000 | 53,325,000 | 60,233,000 | 69,226,000 | 72,142,000 | 77,425,000 | 78,200,000 | 77,539,000 | 76,698,000 | 76,709,000 | 76,997,000 | 77,332,000 | 78,200,000 | 75,050,000 | 71,097,000 | 69,594,000 | 69,394,000 | 69,770,000 |
| Receivables | US$ in thousands | 3,461,000 | 2,843,000 | 2,996,000 | — | 4,271,000 | — | — | — | 9,480,000 | 8,400,000 | 7,460,000 | 7,208,000 | 6,913,000 | 7,140,000 | 7,441,000 | 8,455,000 | 7,735,000 | 6,880,000 | 6,233,000 | 6,957,000 |
| Receivables turnover | 15.78 | 17.56 | 17.26 | — | 14.10 | — | — | — | 8.25 | 9.23 | 10.28 | 10.64 | 11.14 | 10.83 | 10.51 | 8.88 | 9.19 | 10.12 | 11.13 | 10.03 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $54,609,000K ÷ $3,461,000K
= 15.78
The receivables turnover ratio measures how efficiently a company collects outstanding credit balances from its customers over a certain period. A higher receivables turnover ratio indicates that the company is collecting its accounts receivables more effectively.
Analyzing Intel Corporation's receivables turnover over the provided periods, we observe fluctuations in the ratio. From Dec 31, 2019, to Dec 31, 2020, the ratio increased from 9.19 to 11.14, suggesting Intel improved its efficiency in collecting payments from customers.
However, from Mar 31, 2020, to Sep 30, 2021, the ratio experienced a declining trend, dropping to as low as 8.25. This decline may indicate potential issues in collecting receivables efficiently during these periods.
From Sep 30, 2021, to Dec 31, 2023, the receivables turnover ratio showed signs of recovery, consistently increasing to 17.56 by Sep 30, 2023. This improvement may suggest that Intel has implemented measures to enhance its credit management processes, resulting in a more efficient collection of outstanding balances from customers.
Overall, the fluctuation in Intel's receivables turnover ratio indicates varying degrees of effectiveness in managing accounts receivable over the analyzed periods. It is essential for the company to continue monitoring and optimizing its receivables collection process to maintain healthy cash flow and financial stability.
Peer comparison
Dec 31, 2023