Lattice Semiconductor Corporation (LSCC)
Receivables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 739,750 | 742,381 | 720,500 | 701,474 | 666,971 | 633,429 | 593,440 | 547,401 | 512,592 | 477,839 | 448,836 | 423,177 | 404,418 | 398,270 | 397,467 | 394,481 | 391,430 | 387,170 | 387,207 | 393,364 |
| Receivables | US$ in thousands | 104,373 | 105,913 | 96,587 | — | 94,018 | — | — | — | 79,859 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 7.09 | 7.01 | 7.46 | — | 7.09 | — | — | — | 6.42 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $739,750K ÷ $104,373K
= 7.09
The receivables turnover ratio for Lattice Semiconductor Corporation has been relatively stable over the periods provided, ranging from 6.42 to 7.46 times. This indicates that, on average, the company collects its accounts receivable approximately 6.42 to 7.46 times per year. A higher turnover ratio generally suggests that the company is efficient in collecting outstanding receivables, which is a positive sign of liquidity and effective credit management. However, the ratio fluctuated slightly over the periods, possibly due to changes in sales volume, credit policies, or customer payment behavior. Overall, the consistent range of receivables turnover ratios suggests that Lattice Semiconductor maintains a healthy balance between sales and collection practices.
Peer comparison
Dec 31, 2023