Littelfuse Inc (LFUS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Receivables | US$ in thousands | 287,018 | 306,578 | 275,192 | 232,760 | 202,309 |
| Receivables turnover | 8.05 | 8.03 | 7.43 | 6.19 | 7.30 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,310,490K ÷ $287,018K
= 8.05
The receivables turnover ratio for Littelfuse Inc has shown a fluctuating trend over the past five years. The company's ability to collect cash from its customers has generally improved from 2019 to 2023, with the ratio increasing from 7.30 to 8.05. This indicates that Littelfuse has been more efficient in converting its accounts receivable into cash during the latest year.
A higher receivables turnover ratio suggests that the company is managing its credit policies well, collecting payments from customers timely, and generating cash flow. It also indicates that the company has a high level of liquidity and may be less likely to face bad debt losses.
Overall, the increasing trend in receivables turnover ratio for Littelfuse Inc is a positive sign of the company's financial health and efficiency in managing its receivables.
Peer comparison
Dec 31, 2023