Qualcomm Incorporated (QCOM)

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	36,292,000	35,820,000	38,584,000	41,069,000	42,958,000	44,200,000	42,141,000	39,265,000	36,036,000	33,566,000	32,576,000	29,409,000	26,690,000	23,532,000	20,000,000	24,742,000	24,508,000	24,273,000	25,237,000	21,179,000
Receivables	US$ in thousands	—	1,960,000	—	—	—	4,208,000	—	—	—	2,225,000	—	—	—	2,698,000	940,000	—	—	1,060,000	1,058,000	2,442,000
Receivables turnover		—	18.28	—	—	—	10.50	—	—	—	15.09	—	—	—	8.72	21.28	—	—	22.90	23.85	8.67

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $36,292,000K ÷ $—K
= —

The receivables turnover for Qualcomm Incorporated has shown variability over the past few quarters. The trend indicates that the company's ability to collect receivables may have improved in some periods while declined in others.

- In September 2023, the receivables turnover was 18.28, reflecting an increase compared to the prior quarter's turnover of 10.50 in June 2023. This indicates that Qualcomm collected its outstanding receivables more efficiently during this period.

- Looking at the historical data, there have been instances of higher turnover rates, such as 21.28 in June 2020, 22.90 in March 2019, and 23.85 in September 2019. These figures suggest stronger collection efficiency in those specific quarters.

- Conversely, there are quarters where the receivables turnover was lower, like 8.72 in March 2020 and 8.67 in June 2019, indicating a potential delay in collecting receivables during those periods.

Overall, it is essential for Qualcomm to consistently monitor and manage its receivables turnover to ensure timely collection of outstanding payments, optimize cash flow, and maintain healthy liquidity levels.