Lumentum Holdings Inc (LITE)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,717,800 | 1,732,500 | 1,644,500 | 1,674,700 | 1,603,300 |
| Receivables | US$ in thousands | 5,800 | 6,700 | 3,900 | 4,100 | 4,300 |
| Receivables turnover | 468.59 | 258.58 | 421.67 | 408.46 | 372.86 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,717,800K ÷ $5,800K
= 468.59
The trend of Lumentum Holdings Inc's receivables turnover over the past five years shows fluctuation. The receivables turnover ratio indicates the efficiency with which the company is collecting its accounts receivable. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly.
In the most recent fiscal year ending June 30, 2024, Lumentum Holdings Inc's receivables turnover ratio was significantly higher at 468.59 compared to the previous year. This substantial increase indicates a significant improvement in the company's ability to collect its accounts receivable efficiently.
In the fiscal year ending June 30, 2023, the receivables turnover ratio decreased from the prior year but was still at a relatively high level of 258.58. This suggests that the company was able to convert its accounts receivable into cash investments at a satisfactory rate.
Looking back further, in the fiscal years ending June 30, 2022, 2021, and 2020, the company maintained relatively high receivables turnover ratios of 421.67, 408.46, and 372.86, respectively. These figures indicate a consistent level of efficiency in collecting accounts receivable over those years.
Overall, the upward trend in Lumentum Holdings Inc's receivables turnover ratio in the most recent year reflects an improvement in the company's management of accounts receivable and can be seen as a positive indicator of its financial health and operational efficiency.
Peer comparison
Jun 30, 2024