Kulicke and Soffa Industries Inc (KLIC)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 706,232 | 742,491 | 1,503,620 | 1,517,660 | 623,176 |
| Receivables | US$ in thousands | 193,909 | 158,601 | 309,323 | 421,193 | 198,640 |
| Receivables turnover | 3.64 | 4.68 | 4.86 | 3.60 | 3.14 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $706,232K ÷ $193,909K
= 3.64
The receivables turnover ratio for Kulicke and Soffa Industries Inc has shown some fluctuations over the past five years. In Sep 2024, the receivables turnover ratio was 3.64, indicating that the company collected its accounts receivable approximately 3.64 times during the year.
Comparing this to the previous years, we see that the ratio was highest in Sep 2022 at 4.86 and lowest in Sep 2020 at 3.14. The downward trend from 2022 to 2024 may suggest that the company is taking longer to collect its accounts receivable, which could potentially indicate inefficiencies in its credit and collection processes.
It is important to note that the receivables turnover ratio should be analyzed in conjunction with other liquidity and efficiency ratios to gain a comprehensive understanding of the company's management of receivables and overall financial health.
Peer comparison
Sep 30, 2024