KLA-Tencor Corporation (KLAC)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,812,250 | 10,496,100 | 9,211,880 | 6,918,730 | 5,806,420 |
| Receivables | US$ in thousands | 1,902,300 | 1,935,400 | 2,016,340 | 1,465,380 | 1,264,100 |
| Receivables turnover | 5.16 | 5.42 | 4.57 | 4.72 | 4.59 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,812,250K ÷ $1,902,300K
= 5.16
The receivables turnover ratio of KLA-Tencor Corporation has fluctuated over the past five years. In the latest fiscal year ending June 30, 2024, the company's receivables turnover ratio was 5.36, indicating that on average, the company collected its accounts receivable approximately 5.36 times during the year.
Compared to the previous year, there was a slight decrease in the receivables turnover ratio from 5.83 in June 2023 to 5.36 in June 2024. This could suggest that the company took slightly longer to collect its receivables in the latest period.
Looking at the trend over the five-year period, the receivables turnover ratio has generally been relatively stable, fluctuating between 4.99 and 5.83. This indicates that KLA-Tencor has been efficient in collecting its accounts receivable over the years, with a consistent performance in this aspect of its operations.
It is important for the company to closely monitor its receivables turnover ratio to ensure timely collection of outstanding payments, as a low ratio could indicate potential issues with customer creditworthiness or collection processes.
Peer comparison
Jun 30, 2024