Qualcomm Incorporated (QCOM)

Receivables turnover

		Sep 30, 2024	Jun 23, 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	38,961,000	37,348,000	36,406,000	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
Receivables	US$ in thousands	2,383,000	—	—	—	1,960,000	—	—	—	4,208,000	—	—	—	2,225,000	—	—	—	2,698,000	940,000	—	—
Receivables turnover		16.35	—	—	—	18.28	—	—	—	10.50	—	—	—	15.09	—	—	—	8.72	21.28	—	—

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $38,961,000K ÷ $2,383,000K
= 16.35

The receivables turnover ratio for Qualcomm Incorporated has exhibited variability over the past several quarters. As of September 30, 2024, the ratio stands at 16.35, indicating that the company collected its accounts receivables approximately 16.35 times during the period.

Comparing this figure to historical data, we observe a downward trend from the previous quarter's value of 18.28 on June 30, 2024. It is noteworthy that the receivables turnover ratio was not reported for some quarters, suggesting potential data gaps or fluctuations in the company's accounts receivable management.

Overall, a higher receivables turnover ratio signifies a more efficient collection process, reflecting positively on Qualcomm's liquidity and operational performance. However, fluctuations in this ratio over time may warrant further examination of the company's credit policies, customer payment behaviors, and overall working capital management strategies.