Power Integrations Inc (POWI)

Receivables turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	418,973	403,230	412,904	429,929	444,538	479,801	514,523	575,286	651,138	699,022	715,565	711,689	703,277	681,316	625,669	552,391	488,318	452,082	445,112	441,145
Receivables	US$ in thousands	27,172	16,634	16,372	12,279	14,674	28,539	32,077	20,585	20,836	16,075	27,980	30,658	41,393	38,872	41,352	42,257	35,910	29,447	12,872	20,597
Receivables turnover		15.42	24.24	25.22	35.01	30.29	16.81	16.04	27.95	31.25	43.49	25.57	23.21	16.99	17.53	15.13	13.07	13.60	15.35	34.58	21.42

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $418,973K ÷ $27,172K
= 15.42

Power Integrations Inc's receivables turnover has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the receivables turnover ratio ranged from a low of 13.07 to a high of 43.49. The ratio peaked in September 30, 2022, indicating that the company was effectively collecting its accounts receivable during that period. However, by December 31, 2024, the ratio had decreased to 15.42, suggesting a slowdown in the collection of receivables compared to previous periods. Overall, the trend in receivables turnover indicates variability in the efficiency of the company's accounts receivable management, which may require further analysis to understand the underlying reasons for these fluctuations.