Lam Research Corp (LRCX)

Receivables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	14,900,500	17,235,000	17,041,600	14,410,600	9,863,980
Receivables	US$ in thousands	2,519,250	2,823,380	4,313,820	3,026,430	2,097,100
Receivables turnover		5.91	6.10	3.95	4.76	4.70

June 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $14,900,500K ÷ $2,519,250K
= 5.91

Lam Research Corp's receivables turnover has varied over the past five years. The company's receivables turnover ratio indicates how efficiently it is collecting its accounts receivable from customers.

In the most recent fiscal year ending on June 30, 2024, the receivables turnover ratio was 5.91, which was a decrease from the previous year's ratio of 6.10. This suggests that the company took longer to collect its receivables in 2024 compared to 2023.

Looking further back, in 2022 the receivables turnover ratio was 3.95, showing an improvement from the prior year but still lower than in 2023 and 2024. In 2021, the ratio increased to 4.76, indicating better efficiency in collecting receivables compared to 2022. In 2020, the ratio was 4.70.

Overall, Lam Research Corp's receivables turnover has fluctuated over the years, with some years showing improvements in collection efficiency and some years showing a slight decrease. It is important for the company to closely monitor its receivables turnover ratio to ensure timely collection of outstanding payments from customers and maintain healthy cash flow.