Lattice Semiconductor Corporation (LSCC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 739,195 | 656,210 | 512,589 | 404,418 | 390,127 |
| Receivables | US$ in thousands | 104,373 | 94,018 | 79,859 | 64,581 | 64,917 |
| Receivables turnover | 7.08 | 6.98 | 6.42 | 6.26 | 6.01 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $739,195K ÷ $104,373K
= 7.08
The receivables turnover ratio for Lattice Semiconductor Corporation has shown a consistent upward trend over the past five years. The ratio increased from 6.01 in 2019 to 7.08 in 2023, suggesting that the company is collecting its accounts receivables more efficiently each year.
A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly, which is a positive sign of effective credit management and collection practices. It implies that customers are paying their outstanding balances in a timelier manner.
Overall, the increasing trend in the receivables turnover ratio for Lattice Semiconductor Corporation demonstrates the company's effectiveness in managing its accounts receivables and converting them into cash, which is essential for maintaining healthy liquidity and cash flow levels.
Peer comparison
Dec 31, 2023