Lam Research Corp (LRCX)

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	14,900,550	14,053,900	14,128,670	15,638,080	17,234,970	18,659,460	18,857,280	17,817,060	17,041,560	16,545,730	16,327,040	15,546,390	14,410,590	13,061,100	11,727,660	10,866,340	9,863,970	9,435,650	9,382,630	9,349,500
Receivables	US$ in thousands	2,519,250	2,203,710	2,707,460	2,810,950	2,823,380	3,262,140	4,070,090	4,569,740	4,313,820	3,702,320	3,402,840	3,397,180	3,026,430	2,809,070	2,900,360	2,317,920	2,097,100	2,191,070	2,030,490	1,635,640
Receivables turnover		5.91	6.38	5.22	5.56	6.10	5.72	4.63	3.90	3.95	4.47	4.80	4.58	4.76	4.65	4.04	4.69	4.70	4.31	4.62	5.72

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,900,550K ÷ $2,519,250K
= 5.91

The receivables turnover ratio for Lam Research Corp has fluctuated over the past 20 quarters, ranging from a low of 3.90 to a high of 6.38. The average receivables turnover ratio over this period is approximately 4.88.

A higher receivables turnover ratio indicates that the company is more efficient in collecting payments from its customers, while a lower ratio suggests that the company may be experiencing difficulties in collecting outstanding receivables.

The trend in Lam Research's receivables turnover ratio shows some variability, with fluctuations in performance over time. It is essential for the company to closely monitor its accounts receivable management processes to ensure timely and efficient collection of outstanding payments.

Overall, the analysis of Lam Research Corp's receivables turnover ratio suggests that the company's ability to collect payments from customers has shown some variability, highlighting the importance of effective accounts receivable management in maintaining a healthy cash flow.