Qorvo Inc (QRVO)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	3,718,970	3,769,510	3,569,400	4,645,710	4,015,310
Receivables	US$ in thousands	386,719	427,387	304,519	568,850	457,431
Receivables turnover		9.62	8.82	11.72	8.17	8.78

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $3,718,970K ÷ $386,719K
= 9.62

The receivables turnover ratio for Qorvo Inc has shown fluctuations over the past five years. In March 2021, the ratio stood at 8.78, indicating that the company collected its accounts receivable approximately 8.78 times during the year. However, in March 2022, the ratio declined to 8.17, suggesting a slightly slower rate of receivables turnover.

The following year, in March 2023, Qorvo Inc experienced a significant improvement in its receivables turnover ratio, reaching 11.72. This may be indicative of more efficient management of accounts receivable, as the company was able to collect outstanding payments at a faster pace during that period.

Subsequently, in March 2024, the ratio decreased slightly to 8.82, showing a minor decline in the rate of receivables turnover compared to the previous year. Lastly, in March 2025, the receivables turnover ratio increased to 9.62, indicating a resurgence in the efficiency of collecting accounts receivable.

Overall, the trend in Qorvo Inc's receivables turnover ratio demonstrates some variability, with notable improvements in certain years and minor fluctuations in others. Monitoring this ratio can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments from customers.