Motorola Solutions Inc (MSI)
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 | 9,774,000 | 9,633,000 | 9,442,000 | 9,183,000 | 8,868,000 | 8,500,000 | 8,243,000 | 8,074,000 | 7,942,000 | 7,944,000 | 7,699,000 | 7,352,000 | 7,282,000 | 7,386,000 | 7,496,000 | 7,707,000 | 7,641,000 | 7,518,000 | 7,469,000 | 7,464,000 |
| Receivables | US$ in thousands | 1,723,000 | 1,667,000 | 1,513,000 | — | 1,531,000 | — | — | — | 1,406,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.67 | 5.78 | 6.24 | — | 5.79 | — | — | — | 5.65 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,774,000K ÷ $1,723,000K
= 5.67
The receivables turnover for Motorola Solutions Inc has shown variations over the past eight quarters. The trend indicates an overall decline in the company's efficiency in collecting accounts receivable over time. From Q4 2022 to Q1 2023, there was a consistent increase in receivables turnover, reaching a peak of 7.20. However, there was a significant drop in Q2 2023 to 6.38, and the trend continued with further decreases in Q3 and Q4 2023.
A lower receivables turnover ratio may suggest that the company is taking longer to collect payments from its customers, which could potentially result in liquidity issues or increased credit risk. It is important for Motorola Solutions Inc to closely monitor and manage its accounts receivable collection process to improve cash flow and overall financial performance.
Peer comparison
Dec 31, 2023
See also:
Motorola Solutions Inc Receivables Turnover (Quarterly Data)