Qualcomm Incorporated (QCOM)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,962,000 | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 |
| Receivables | US$ in thousands | 2,383,000 | 1,960,000 | 4,208,000 | 2,225,000 | 2,698,000 |
| Receivables turnover | 16.35 | 18.28 | 10.50 | 15.09 | 8.72 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $38,962,000K ÷ $2,383,000K
= 16.35
Qualcomm Incorporated's receivables turnover has shown fluctuations over the past five years. The company's ability to collect payments from customers has improved significantly from 2020 to 2021, with the ratio increasing from 8.72 to 15.09. However, in 2022, there was a decrease in receivables turnover to 10.50, indicating a slower collection of receivables that year. The ratio then improved in 2023 to 18.28 before experiencing a slight decrease to 16.35 in 2024.
Overall, Qualcomm's receivables turnover has been relatively high in recent years, indicating that the company has been effective in managing its accounts receivable and collecting payments efficiently. The fluctuations in the ratio may be influenced by various factors such as changes in sales volumes, credit policies, and customer payment behavior.
Peer comparison
Sep 30, 2024