Keysight Technologies Inc (KEYS)
Receivables turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,342,000 | 5,464,000 | 5,596,000 | 5,590,000 | 5,551,000 | 5,420,000 | 5,271,000 | 5,141,000 | 5,011,000 | 4,941,000 | 4,867,000 | 4,632,000 | 4,306,000 | 4,221,000 | 4,121,000 | 4,197,000 | 4,392,000 | 4,303,000 | 4,171,000 | 4,088,000 |
| Receivables | US$ in thousands | 808,000 | 983,000 | 893,000 | 864,000 | 920,000 | 954,000 | 882,000 | 803,000 | 708,000 | 765,000 | 677,000 | 676,000 | 654,000 | 659,000 | 569,000 | 485,000 | 670,000 | 708,000 | 618,000 | 660,000 |
| Receivables turnover | 6.61 | 5.56 | 6.27 | 6.47 | 6.03 | 5.68 | 5.98 | 6.40 | 7.08 | 6.46 | 7.19 | 6.85 | 6.58 | 6.41 | 7.24 | 8.65 | 6.56 | 6.08 | 6.75 | 6.19 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,342,000K ÷ $808,000K
= 6.61
The receivables turnover ratio for Keysight Technologies Inc has shown relatively consistent performance over the past eight quarters, ranging from 5.98 to 6.61. This indicates that the company is efficient in collecting its accounts receivable, with an average annual turnover of approximately 6.25 times. A higher turnover ratio signifies quicker collection of receivables, which is a positive indicator of the company's liquidity and ability to convert credit sales into cash. Keysight's consistent receivables turnover suggests effective credit management practices and a healthy customer payment cycle. Overall, the company's receivables turnover ratio reflects good financial health and operational efficiency in managing its accounts receivable.
Peer comparison
Jan 31, 2024