MaxLinear Inc (MXL)

Receivables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	693,263	858,496	1,008,696	1,104,767	1,120,252	1,077,555	1,021,599	946,966	892,398	839,225	766,084	625,928	478,596	353,898	277,285	294,572	317,180	334,789	339,779	358,805
Receivables	US$ in thousands	170,619	158,232	155,834	188,733	170,971	178,072	137,065	125,693	119,724	106,867	135,321	87,521	67,442	105,355	41,434	44,796	50,411	56,339	56,618	59,639
Receivables turnover		4.06	5.43	6.47	5.85	6.55	6.05	7.45	7.53	7.45	7.85	5.66	7.15	7.10	3.36	6.69	6.58	6.29	5.94	6.00	6.02

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $693,263K ÷ $170,619K
= 4.06

The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. It is calculated by dividing the net credit sales by the average accounts receivable during a specific period. A higher turnover ratio generally indicates that the company is collecting cash from its credit sales more quickly.

Looking at the receivables turnover data for MaxLinear Inc, we can observe some fluctuations in the ratio over the past eight quarters. In the most recent quarter, ending on December 31, 2023, the receivables turnover ratio was 4.06. This represents a decrease compared to the previous quarter's ratio of 5.43, indicating that the company took longer to collect payments from its customers during this period.

It's also worth noting that the receivables turnover ratio has shown some variability over the past two years, with values ranging from 4.06 to 7.53. This could indicate changes in the company's credit policies, customer payment behavior, or the nature of its sales.

Further analysis can help identify the reasons behind these fluctuations and whether there are any underlying issues affecting the company's ability to collect receivables efficiently. It's important to consider industry benchmarks and compare MaxLinear's ratios with those of its peers to gain a deeper understanding of its performance in this area.