Littelfuse Inc (LFUS)
Receivables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,318,462 | 2,418,117 | 2,465,213 | 2,461,812 | 2,463,322 | 2,383,122 | 2,282,657 | 2,203,251 | 2,044,243 | 1,905,343 | 1,766,270 | 1,553,224 | 1,439,034 | 1,376,861 | 1,335,553 | 1,423,926 | 1,481,403 | 1,545,161 | 1,626,151 | 1,680,487 |
| Receivables | US$ in thousands | 287,018 | 327,500 | 339,637 | — | 306,578 | — | — | — | 275,192 | 325,739 | 313,332 | 276,687 | 232,760 | 231,930 | 185,806 | 207,912 | 202,309 | 226,352 | 245,723 | 237,878 |
| Receivables turnover | 8.08 | 7.38 | 7.26 | — | 8.03 | — | — | — | 7.43 | 5.85 | 5.64 | 5.61 | 6.18 | 5.94 | 7.19 | 6.85 | 7.32 | 6.83 | 6.62 | 7.06 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,318,462K ÷ $287,018K
= 8.08
Littelfuse Inc's receivables turnover ratio has shown some fluctuations over the past few quarters. The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period.
From December 2019 to December 2021, the company experienced a relatively stable receivables turnover ratio, ranging between 6.18 and 7.43, indicating that Littelfuse Inc was collecting its accounts receivable approximately 6 to 7 times a year during this period.
There was a notable increase in the receivables turnover ratio in 2022, peaking at 8.03 in December 2022. This suggests that Littelfuse Inc improved its efficiency in collecting its receivables during that quarter.
However, the receivables turnover ratio dropped to 5.85 in September 2021 before recovering above 7 in the subsequent quarters. This dip might indicate potential issues with collecting receivables efficiently during that quarter.
Overall, Littelfuse Inc's receivables turnover ratio has generally been within a reasonable range, indicating that the company has been relatively effective in managing its accounts receivable and collecting payments from customers in a timely manner.
Peer comparison
Dec 31, 2023