KLA-Tencor Corporation (KLAC)
Receivables turnover
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,792,690 | 9,232,070 | 9,316,300 | 9,824,430 | 10,177,080 | 10,400,340 | 10,289,440 | 9,683,830 | 9,048,400 | 8,523,660 | 8,074,250 | 7,410,080 | 6,918,730 | 6,452,850 | 6,073,040 | 5,931,620 | 5,806,410 | 5,605,260 | 5,278,610 | 4,889,060 |
| Receivables | US$ in thousands | 1,833,040 | 1,625,260 | 1,843,880 | 1,630,750 | 1,753,360 | 1,948,470 | 2,287,220 | 1,858,820 | 1,812,980 | 1,619,970 | 1,729,280 | 1,465,070 | 1,306,580 | 1,203,190 | 1,220,290 | 1,030,380 | 1,109,810 | 1,119,260 | 1,192,240 | 1,067,990 |
| Receivables turnover | 5.34 | 5.68 | 5.05 | 6.02 | 5.80 | 5.34 | 4.50 | 5.21 | 4.99 | 5.26 | 4.67 | 5.06 | 5.30 | 5.36 | 4.98 | 5.76 | 5.23 | 5.01 | 4.43 | 4.58 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,792,690K ÷ $1,833,040K
= 5.34
The receivables turnover ratio measures how efficiently a company is able to collect its receivables from customers. It is calculated by dividing the net credit sales by the average accounts receivable.
For KLA-Tencor Corporation, the receivables turnover ratio has fluctuated over the past few quarters. The ratio ranged from 4.43 to 6.02, with an average of approximately 5.28. This indicates that, on average, KLA-Tencor collects its receivables about 5.28 times a year.
A higher receivables turnover ratio generally indicates that the company is efficient in collecting payments from its customers. Conversely, a lower ratio may suggest that the company is struggling to collect payments promptly.
It is important to compare KLA-Tencor's receivables turnover ratio with industry benchmarks or with its own historical data to assess its performance over time and in relation to its peers. Additionally, further analysis of the company's collection policies and customer credit profiles may provide more insights into the efficiency of its receivables management.
Peer comparison
Jun 30, 2024
See also:
KLA-Tencor Corporation Receivables Turnover (Quarterly Data)