Mercury Systems Inc (MRCY)
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 | 835,275 | 839,948 | 895,169 | 927,294 | 973,882 | 1,010,375 | 999,971 | 990,763 | 988,197 | 949,310 | 953,092 | 943,388 | 923,996 | 890,531 | 841,690 | 824,927 | 796,610 | 756,196 | 722,816 | 687,992 |
| Receivables | US$ in thousands | 111,441 | 91,785 | 82,737 | 91,448 | 124,729 | 125,562 | 145,855 | 164,210 | 144,494 | — | 126,325 | — | 128,807 | — | — | — | — | — | — | — |
| Receivables turnover | 7.50 | 9.15 | 10.82 | 10.14 | 7.81 | 8.05 | 6.86 | 6.03 | 6.84 | — | 7.54 | — | 7.17 | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $835,275K ÷ $111,441K
= 7.50
The receivables turnover ratio of Mercury Systems Inc has shown fluctuations over the past quarters. The ratio was 7.50 as of June 30, 2024, indicating that the company collected its accounts receivable approximately 7.5 times during the fiscal year. This represents a slight decrease from the previous quarter's ratio of 9.15.
The highest receivables turnover ratio observed in recent periods was 10.82 as of December 31, 2023, suggesting that the company was collecting its receivables at a faster rate during that period. On the other hand, the lowest ratio was 6.03 as of September 30, 2022, indicating a comparatively slower collection of receivables during that quarter.
Overall, the trend in receivables turnover suggests that Mercury Systems Inc has been effectively managing its accounts receivable in recent periods, with some variability in the speed of collection. A higher receivables turnover ratio generally indicates more efficient management of receivables and faster conversion to cash, which can be beneficial for the company's liquidity and overall financial health.
Peer comparison
Jun 30, 2024