Monolithic Power Systems Inc (MPWR)

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	Mar 31, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	1,821,072	1,827,072	1,847,623	1,867,499	1,794,148	1,670,640	1,498,744	1,331,057	1,207,798	1,104,337	1,040,237	933,129	844,452	778,147	687,538	642,692	630,411	623,648	594,596	582,383
Receivables	US$ in thousands	229,858	189,513	173,601	187,811	191,466	161,080	132,581	126,951	110,240	83,953	80,636	86,185	68,757	96,138	57,983	56,871	55,194	60,758	60,851	57,078
Receivables turnover		7.92	9.64	10.64	9.94	9.37	10.37	11.30	10.48	10.96	13.15	12.90	10.83	12.28	8.09	11.86	11.30	11.42	10.26	9.77	10.20

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,821,072K ÷ $229,858K
= 7.92

The receivables turnover for Monolithic Power System Inc has been fluctuating over the past eight quarters, ranging from 9.37 to 11.30. The highest receivables turnover was observed in Q2 2022 at 11.30, while the lowest was in Q4 2022 at 9.37.

Overall, the trend indicates that the company has been effective in collecting its accounts receivable on average approximately 10 times per year during the specified period. This suggests that the company efficiently converts its credit sales into cash, reflecting strong management of its accounts receivable.

However, despite some fluctuations, the general trend seems relatively stable, indicating consistent performance in managing its accounts receivable turnover.