NXP Semiconductors NV (NXPI)

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	Dec 31, 2018
Revenue (ttm)	US$ in thousands	13,276,000	13,166,000	13,177,000	13,190,000	13,205,000	12,932,000	12,348,000	11,632,000	11,063,000	10,531,000	9,937,000	9,158,000	8,612,000	8,406,000	8,404,000	8,990,000
Receivables	US$ in thousands	894,000	939,000	1,061,000	—	960,000	—	—	—	923,000	—	—	—	765,000	—	—	—	667,000	—	792,000
Receivables turnover		14.85	14.02	12.42	—	13.76	—	—	—	11.99	—	—	—	11.26	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,276,000K ÷ $894,000K
= 14.85

The receivables turnover ratio measures how efficiently a company is able to collect cash from its credit sales within a specific period. For NXP Semiconductors NV, we observe that the receivables turnover has fluctuated over the past eight quarters. In Q4 2023, the receivables turnover ratio was 14.85, showing an improvement compared to the previous quarter's ratio of 14.02 in Q3 2023.

Historically, the company has demonstrated a generally healthy trend in receivables turnover, with ratios consistently above 12. This indicates that NXP Semiconductors NV is efficient in collecting payments from its customers and converting its accounts receivable into cash.

It is essential to continue monitoring the receivables turnover ratio to ensure that NXP Semiconductors NV maintains its efficiency in managing credit sales and collecting payments in a timely manner. Any significant fluctuations in this ratio could indicate changes in the company's credit policies, customer payment behaviors, or potential liquidity concerns.