Lumentum Holdings Inc (LITE)
Receivables turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,717,600 | 1,391,000 | 1,408,200 | 1,548,200 | 1,739,700 | 1,773,200 | 1,774,200 | 1,706,700 | 1,645,500 | 1,617,600 | 1,645,000 | 1,678,600 | 1,678,000 | 1,654,700 | 1,639,500 | 1,616,400 | 1,617,500 | 1,669,900 | 1,714,900 | 1,648,500 |
| Receivables | US$ in thousands | 5,800 | 5,000 | 7,200 | 8,000 | 6,700 | — | 5,300 | — | 3,900 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 468.55 | 278.20 | 195.58 | 193.52 | 259.66 | — | 334.75 | — | 421.92 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,717,600K ÷ $5,800K
= 468.55
Lumentum Holdings Inc's receivables turnover ratio has displayed significant fluctuations over the past quarters. The ratio was notably high at 468.55 for the quarter ended June 30, 2024, reflecting a rapid collection of receivables relative to sales. This may suggest efficient management of credit and collection practices.
In the preceding quarters, the receivables turnover ratio ranged from 193.52 to 334.75, showing variations in the company's ability to convert accounts receivable into cash. The sharp changes indicate shifts in the company's credit policies, sales volume, or collection efficiency.
The absence of data for some quarters limits a comprehensive trend analysis. To better understand the company's receivables management performance, a broader dataset with consistent reporting would be advantageous. Future monitoring of the receivables turnover ratio will be essential to evaluate the company's effectiveness in managing its accounts receivable.
Peer comparison
Jun 30, 2024