MACOM Technology Solutions Holdings Inc (MTSI)
Receivables turnover
Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 729,578 | 648,407 | 675,170 | 606,920 | 530,037 |
Receivables | US$ in thousands | 105,700 | 91,253 | 101,551 | 84,570 | 45,884 |
Receivables turnover | 6.90 | 7.11 | 6.65 | 7.18 | 11.55 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $729,578K ÷ $105,700K
= 6.90
The receivables turnover ratio for MACOM Technology Solutions Holdings Inc has shown a declining trend over the past five years. In the fiscal year ending on September 30, 2020, the company had a receivables turnover ratio of 11.55, indicating that on average, it collected its accounts receivable approximately 11.55 times during that period.
However, in the subsequent years, the receivables turnover ratio decreased to 7.18 in 2021, further to 6.65 in 2022, and then to 7.11 in 2023. This declining trend suggests that the company's ability to efficiently collect its accounts receivables has weakened over time.
The latest data for the fiscal year ending on September 30, 2024, shows a receivables turnover ratio of 6.90. This implies that the company collected its accounts receivable approximately 6.90 times during that period, which is slightly lower compared to the previous year.
Overall, the decreasing trend in the receivables turnover ratio for MACOM Technology Solutions Holdings Inc may indicate potential issues with credit policies, collection efforts, or a changing customer base that requires close monitoring and management attention to improve efficiency in collecting accounts receivable in the future.
Peer comparison
Sep 30, 2024