Microsoft Corporation (MSFT)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 281,724,000 | 270,010,000 | 261,802,000 | 254,190,000 | 245,122,000 | 236,584,000 | 227,583,000 | 218,310,000 | 211,915,000 | 207,591,000 | 204,094,000 | 203,075,000 | 198,270,000 | 192,557,000 | 184,903,000 | 176,251,000 | 168,088,000 | 159,969,000 | 153,284,000 | 147,114,000 |
| Receivables | US$ in thousands | 69,905,000 | 51,700,000 | 48,188,000 | 44,148,000 | 56,924,000 | 44,029,000 | 42,831,000 | 36,953,000 | 48,688,000 | 37,420,000 | 35,833,000 | 31,279,000 | 44,261,000 | 32,613,000 | 33,520,000 | 27,349,000 | 38,043,000 | 26,322,000 | 27,312,000 | 22,851,000 |
| Receivables turnover | 4.03 | 5.22 | 5.43 | 5.76 | 4.31 | 5.37 | 5.31 | 5.91 | 4.35 | 5.55 | 5.70 | 6.49 | 4.48 | 5.90 | 5.52 | 6.44 | 4.42 | 6.08 | 5.61 | 6.44 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $281,724,000K ÷ $69,905,000K
= 4.03
The receivables turnover ratio for Microsoft Corporation has exhibited fluctuations over the periods analyzed, reflecting variations in how quickly the company collects accounts receivable. At the fiscal year-end of September 2020, the ratio stood at 6.44, indicating that receivables were collected approximately 6.44 times during the year. This ratio declined to 5.61 by December 2020, and then experienced a modest increase to 6.08 by March 2021, before dropping significantly to 4.42 at the end of June 2021. Subsequently, the ratio reverted to 6.44 at the end of September 2021, highlighting a pattern of cyclical fluctuations.
Throughout 2022, the receivables turnover generally decreased, with figures of 5.52 at year-end December 2021, 5.90 in March 2022, and a further decline to 4.48 by the end of June 2022. However, the ratio increased again to 6.49 in September 2022, suggesting a brief improvement in receivables collection efficiency. The trend continued with a slight decrease to 5.70 in December 2022, and further declined to 5.55 in March 2023.
In the subsequent periods, the ratio saw further drops to 4.35 at the end of June 2023, before an increase to 5.91 in September 2023, which may indicate a temporary enhancement in collection performance. This upward trend was followed by a decline to 5.31 in December 2023 and to 5.37 in March 2024. The ratio then experienced another decline to 4.31 at the end of June 2024, but increased again to 5.76 in September 2024. The last reported periods show ratios of 5.43 in December 2024, 5.22 in March 2025, and a further decrease to 4.03 in June 2025.
Overall, the receivables turnover for Microsoft has demonstrated notable volatility, oscillating between approximately 4.03 and 6.49 over the analyzed periods. These fluctuations suggest changing receivables collection cycles and possibly varying credit policies or customer payment behaviors across fiscal periods. Despite the variability, the ratios generally hover around the mid-4 to mid-6 range, indicating a relatively consistent, though occasionally variable, efficiency in receivables management.
Peer comparison
Jun 30, 2025