MaxLinear Inc (MXL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 693,263 | 1,120,250 | 892,398 | 478,596 | 317,180 |
| Receivables | US$ in thousands | 170,619 | 170,971 | 119,724 | 67,442 | 50,411 |
| Receivables turnover | 4.06 | 6.55 | 7.45 | 7.10 | 6.29 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $693,263K ÷ $170,619K
= 4.06
The receivables turnover ratio measures a company's efficiency in collecting its accounts receivable. MaxLinear Inc's receivables turnover has fluctuated over the past five years, declining from 6.29 in 2019 to 4.06 in 2023. This suggests a decrease in the company's ability to convert its accounts receivable into cash during this period. However, it's important to note that the receivables turnover ratio is influenced by industry norms and the company's credit policies. Therefore, further analysis and comparison with industry benchmarks would be necessary to gain a comprehensive understanding of MaxLinear Inc's receivables management.
Peer comparison
Dec 31, 2023