Kulicke and Soffa Industries Inc (KLIC)

Receivables turnover

		Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	706,232	727,233	736,500	737,447	742,491	826,484	1,007,704	1,218,965	1,503,620	1,702,633	1,754,814	1,710,695	1,517,664	1,210,026	936,158	746,736	623,176	585,315	561,974	527,141
Receivables	US$ in thousands	193,909	200,320	194,819	184,400	158,601	198,107	—	200,337	309,323	—	—	—	421,193	—	—	—	—	—	—	—
Receivables turnover		3.64	3.63	3.78	4.00	4.68	4.17	—	6.08	4.86	—	—	—	3.60	—	—	—	—	—	—	—

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $706,232K ÷ $193,909K
= 3.64

The receivables turnover ratio for Kulicke and Soffa Industries Inc has displayed fluctuations over the periods provided. The ratio represents how efficiently the company is able to collect payments from its customers.

In analyzing the trend, the receivables turnover ratio was relatively stable around 4.00 to 4.68 from Sep 30, 2020, to Mar 31, 2023, indicating that the company was able to efficiently collect payments from its customers during these periods.

However, there was a significant increase in the receivables turnover ratio to 6.08 on Dec 31, 2022, suggesting an even more efficient collection of receivables during that period. Subsequently, the ratio has shown some decline, coming down to 3.64 on Sep 30, 2024.

Overall, while the receivables turnover ratio has displayed variability, maintaining a level above 3.00 generally indicates that Kulicke and Soffa Industries Inc has been effectively managing its accounts receivable and collecting payments in a timely manner.