Micron Technology Inc (MU)
Receivables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,684,000 | 31,442,000 | 29,432,000 | 27,506,000 | 24,060,000 | 21,259,000 | 23,285,000 | 21,213,000 | 20,100,000 | 19,783,000 | 15,092,000 | 15,425,000 | 18,435,000 | 21,385,000 | 25,954,000 | 30,511,000 | 31,619,000 | 32,762,000 | 31,718,000 | 30,763,000 |
| Receivables | US$ in thousands | — | — | — | 6,615,000 | — | 5,131,000 | — | — | — | 2,429,000 | — | 2,278,000 | — | 3,318,000 | — | 5,130,000 | — | 6,229,000 | — | 5,384,000 |
| Receivables turnover | — | — | — | 4.16 | — | 4.14 | — | — | — | 8.14 | — | 6.77 | — | 6.45 | — | 5.95 | — | 5.26 | — | 5.71 |
February 28, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $32,684,000K ÷ $—K
= —
The receivables turnover ratio is used to measure how efficiently a company is able to collect payments on its credit sales during a specific period. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly.
Based on the provided data, the receivables turnover for Micron Technology Inc fluctuated over the period from March 3, 2022, to February 28, 2025. The ratio ranged from a low of 4.14 to a high of 8.14.
A receivables turnover ratio of 5.71 on March 3, 2022, indicates that, on average, Micron Technology collected its accounts receivable approximately 5.71 times during that year. A ratio of 6.45 on December 1, 2022, reflects an improvement in the collection efficiency, as the company was able to collect payments more frequently.
The ratio of 8.14 on June 1, 2023, represents a significant increase in the speed at which receivables were collected, suggesting efficient management of accounts receivable during that period.
Overall, the trend of the receivables turnover ratio for Micron Technology Inc fluctuated over the period, indicating variability in the company's ability to collect payments on its credit sales. An analyst would typically investigate the reasons behind these fluctuations to understand the underlying factors affecting the company's receivables management efficiency.
Peer comparison
Feb 28, 2025