Qualcomm Incorporated (QCOM)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 | 24,273,000 |
| Receivables | US$ in thousands | 1,960,000 | 4,208,000 | 2,225,000 | 2,698,000 | 1,060,000 |
| Receivables turnover | 18.28 | 10.50 | 15.09 | 8.72 | 22.90 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $35,820,000K ÷ $1,960,000K
= 18.28
Qualcomm Incorporated's receivables turnover has shown variability over the last five years. The receivables turnover ratio measures how efficiently a company is collecting on its credit sales. In this case, the trend has been fluctuating, starting at 22.90 in 2019, dropping to 8.72 in 2020, increasing to 15.09 in 2021, then declining to 10.50 in 2022, and finally increasing again to 18.28 in 2023.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. Qualcomm's increase in 2023 compared to the previous year could suggest an improvement in its collection process or a more favorable credit environment. However, it is essential to monitor this ratio over time to ensure consistent and effective management of the company's receivables.
Peer comparison
Sep 30, 2023