Lumentum Holdings Inc (LITE)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,645,000 | 1,359,200 | 1,767,000 | 1,712,600 | 1,742,800 |
| Receivables | US$ in thousands | 250,000 | 194,700 | 246,100 | 262,000 | 212,800 |
| Receivables turnover | 6.58 | 6.98 | 7.18 | 6.54 | 8.19 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,645,000K ÷ $250,000K
= 6.58
The receivables turnover ratio for Lumentum Holdings Inc. exhibits fluctuations over the analyzed period from June 30, 2021, through June 30, 2025. Specifically, the ratio was 8.19 in 2021, indicating that the company collected its average accounts receivable approximately 8.2 times during that fiscal year. In 2022, the ratio declined to 6.54, reflecting a decrease in collection efficiency or changes in credit policy, which resulted in slower turnover of receivables.
Subsequently, the ratio increased marginally to 7.18 in 2023, suggesting an improvement in collection processes or a shift in credit terms. However, in 2024, the ratio decreased slightly to 6.98, indicating a marginal slowdown again. By 2025, the ratio further declined to 6.58, approaching the 2022 levels.
Overall, the trend suggests some variability in the company's receivables collection efficiency over the four-year period. The initial higher ratio in 2021 indicates relatively efficient collections, whereas the subsequent decline points to increased days sales outstanding or changes in credit terms. The slight recovery in 2023 was not sustained, as the ratio settled into a lower range again in 2024 and 2025, reinforcing the notion of a consistently moderate to slightly slower receivables turnover rate in recent years.
Peer comparison
Jun 30, 2025