Plexus Corp (PLXS)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,027,970 | 7,967,250 | 8,076,800 | 8,280,050 | 8,504,910 | 8,708,450 | 8,637,650 | 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 |
| Receivables | US$ in thousands | 622,366 | 643,786 | 645,523 | 656,207 | 661,542 | 706,898 | — | 733,962 | 737,696 | — | — | — | 519,684 | — | — | — | — | — | — | — |
| Receivables turnover | 12.90 | 12.38 | 12.51 | 12.62 | 12.86 | 12.32 | — | 11.27 | 10.47 | — | — | — | 13.15 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,027,970K ÷ $622,366K
= 12.90
The receivables turnover ratio for Plexus Corp has been relatively stable over the past few quarters, averaging around 12. This indicates that the company is able to collect its accounts receivable approximately 12 times a year. A higher turnover ratio generally suggests that the company is efficient in collecting payments from its customers. However, it is important to note the lack of data for some quarters which limits the ability to analyze any trends or changes in receivables turnover over time. Further analysis and comparison with industry benchmarks may provide additional insights into the efficiency of Plexus Corp's accounts receivable management.
Peer comparison
Sep 30, 2024