MACOM Technology Solutions Holdings Inc (MTSI)

Receivables turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	729,578	679,243	637,279	625,451	648,407	676,175	699,912	695,653	675,169	652,237	632,600	618,036	606,920	598,958	583,603	559,444	530,037	495,036	466,075	468,116
Receivables	US$ in thousands	105,700	106,776	120,222	101,075	91,253	105,893	121,823	112,039	101,551	—	—	97,444	84,570	—	—	—	45,884	—	—	—
Receivables turnover		6.90	6.36	5.30	6.19	7.11	6.39	5.75	6.21	6.65	—	—	6.34	7.18	—	—	—	11.55	—	—	—

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $729,578K ÷ $105,700K
= 6.90

The receivables turnover ratio for MACOM Technology Solutions Holdings Inc has exhibited fluctuations over the past few quarters. The ratio peaked at 7.18 in Jun 30, 2021, indicating that the company collected its accounts receivable approximately 7.18 times during that period.

Subsequently, the ratio experienced some decline, reaching a low of 5.30 in Mar 31, 2024, suggesting a decrease in the efficiency of collecting receivables during that period. However, it improved to 6.90 in Sep 30, 2024, indicating a better performance in converting credit sales into cash receipts.

Overall, the trend in the receivables turnover ratio suggests that MACOM Technology Solutions Holdings Inc has been moderately effective in managing its accounts receivable, with some fluctuations observed over the quarters. Further analysis of the company's collection policies and credit management practices may provide insights into the variations in the ratio.