NVIDIA Corporation (NVDA)
Receivables turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 60,922,000 | 44,870,000 | 32,681,000 | 25,878,000 | 26,974,000 | 28,566,000 | 29,738,000 | 29,541,000 | 26,914,000 | 24,274,000 | 21,897,000 | 19,256,000 | 16,675,000 | 14,777,000 | 13,065,000 | 11,778,000 | 10,918,000 | 10,018,000 | 10,185,000 | 10,729,000 |
| Receivables | US$ in thousands | 9,999,000 | 8,309,000 | 7,066,000 | 4,080,000 | 3,827,000 | 4,908,000 | 5,317,000 | — | 4,650,000 | 3,954,000 | — | — | 2,429,000 | 2,546,000 | 2,084,000 | 1,907,000 | 1,657,000 | 1,455,000 | 1,561,000 | 1,242,000 |
| Receivables turnover | 6.09 | 5.40 | 4.63 | 6.34 | 7.05 | 5.82 | 5.59 | — | 5.79 | 6.14 | — | — | 6.86 | 5.80 | 6.27 | 6.18 | 6.59 | 6.89 | 6.52 | 8.64 |
January 28, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $60,922,000K ÷ $9,999,000K
= 6.09
The receivables turnover ratio for NVIDIA Corp has shown fluctuations over the last eight quarters. In Q4 2024, the receivables turnover ratio was 6.09, slightly higher than the previous quarter but lower than the peak in Q4 2023. The ratio indicates that, on average, NVIDIA collected its accounts receivable nearly 6.09 times during the quarter.
The variability in the receivables turnover ratio may be influenced by factors such as the company's credit policies, customer payment behavior, or changes in sales volume. Generally, a higher turnover ratio signifies that the company is efficient in collecting payments from customers, while a lower ratio may indicate delays or potential issues with receivables management.
It is essential for NVIDIA to monitor its receivables turnover ratio consistently to ensure efficient cash flow management and assess the effectiveness of its credit and collection policies. Comparing the ratio to industry benchmarks or historical trends can provide valuable insights into the company's financial health and operational efficiency.
Peer comparison
Jan 28, 2024