Micron Technology Inc (MU)
Receivables turnover
| Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,154,000 | 20,871,000 | 22,897,000 | 20,821,000 | 20,261,000 | 22,995,000 | 22,873,000 | 26,991,000 | 30,516,000 | 32,144,000 | 30,916,000 | 29,379,000 | 27,545,000 | 25,310,000 | 23,319,000 | 21,874,000 | 21,286,000 | 20,140,000 | 19,514,000 | 20,570,000 |
| Receivables | US$ in thousands | 6,615,000 | 5,131,000 | 4,296,000 | 2,943,000 | 2,443,000 | 2,429,000 | 2,278,000 | 3,318,000 | 5,130,000 | 6,229,000 | 5,384,000 | 5,250,000 | 5,311,000 | 4,231,000 | 3,353,000 | 3,691,000 | 3,912,000 | 3,603,000 | 3,049,000 | 3,419,000 |
| Receivables turnover | 3.80 | 4.07 | 5.33 | 7.07 | 8.29 | 9.47 | 10.04 | 8.13 | 5.95 | 5.16 | 5.74 | 5.60 | 5.19 | 5.98 | 6.95 | 5.93 | 5.44 | 5.59 | 6.40 | 6.02 |
August 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,154,000K ÷ $6,615,000K
= 3.80
The receivables turnover ratio of Micron Technology Inc has fluctuated over the past few quarters, ranging from a low of 3.80 to a high of 10.04. This ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly.
In the most recent quarter, the receivables turnover ratio was 5.16, showing a moderate level of efficiency in collecting payments from customers. However, this ratio has decreased compared to the previous quarter's ratio of 5.95. It is important to monitor this ratio over time to assess the company's ability to manage its receivables effectively.
Overall, Micron Technology Inc's receivables turnover ratio has shown some variability, which could be influenced by factors such as changes in credit policies, customer payment behavior, or economic conditions. Investors and analysts should continue to track this ratio to evaluate the company's financial performance and operational efficiency.
Peer comparison
Aug 29, 2024