Plexus Corp (PLXS)
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 | 7,183,180 | 7,408,040 | 7,611,580 | 7,540,780 | 8,274,130 | 7,722,450 | 7,163,770 | 6,826,830 | 6,806,620 | 6,834,190 | 6,966,280 | 6,170,144 | 5,153,548 | 4,322,097 | 3,287,362 | 4,058,528 | 4,895,824 | 5,610,985 | 5,571,968 | 4,666,883 |
| Receivables | US$ in thousands | 656,207 | 661,542 | 706,898 | — | 733,962 | 737,696 | — | — | — | 519,684 | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 10.95 | 11.20 | 10.77 | — | 11.27 | 10.47 | — | — | — | 13.15 | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,183,180K ÷ $656,207K
= 10.95
Plexus Corp's receivables turnover ratio has shown fluctuations over the past few quarters, with values ranging from 10.47 to 13.15. The latest reported figure for receivables turnover was 10.95, suggesting the company collects its accounts receivable approximately 10.95 times during the period.
The trend in the receivables turnover ratio indicates that the company has been efficient in managing its accounts receivable, as a higher turnover ratio signifies that the company is collecting its receivables more quickly. However, the missing data points for certain quarters limit our ability to assess the consistency of the trend. Further analysis would be needed to understand the factors influencing changes in the receivables turnover ratio and its implications for Plexus Corp's financial performance.
Peer comparison
Dec 31, 2023