Plexus Corp (PLXS)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,035,580 | 8,496,620 | 7,722,450 | 6,834,190 | 6,875,610 |
| Receivables | US$ in thousands | 622,366 | 661,542 | 737,696 | 519,684 | 482,086 |
| Receivables turnover | 12.91 | 12.84 | 10.47 | 13.15 | 14.26 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,035,580K ÷ $622,366K
= 12.91
The receivables turnover for Plexus Corp has historically ranged from 10.47 to 14.26 over the past five years. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio suggests that the company is converting its credit sales into cash quickly, which is generally favorable.
In this case, Plexus Corp's receivables turnover has been relatively stable, with minor fluctuations, indicating a consistent ability to collect receivables efficiently over the years. The slight decrease in the receivables turnover in 2020 and 2022 is worth noting, as it may reflect changes in the company's credit policies or customer payment behavior during those periods. Overall, the company's receivables turnover ratio demonstrates a good level of efficiency in managing its accounts receivable.
Peer comparison
Sep 30, 2024