Qorvo Inc (QRVO)

Receivables turnover

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 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
Revenue (ttm) US$ in thousands 3,718,972 3,790,486 3,948,029 4,005,009 3,769,502 3,461,217 3,130,638 3,185,208 3,569,404 4,102,861 4,473,540 4,570,730 4,645,720 4,552,290 4,533,160 4,338,200 4,015,301 3,730,343 3,504,586 3,250,994
Receivables US$ in thousands 386,719 438,722 593,762 439,957 427,387 514,665 620,626 307,913 304,519 367,636 645,125 535,359 601,001 644,221 662,787 495,590 457,431 507,078 498,931 325,993
Receivables turnover 9.62 8.64 6.65 9.10 8.82 6.73 5.04 10.34 11.72 11.16 6.93 8.54 7.73 7.07 6.84 8.75 8.78 7.36 7.02 9.97

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,718,972K ÷ $386,719K
= 9.62

The receivables turnover ratio for Qorvo Inc has fluctuated over the past few years, ranging from a low of 5.04 on September 30, 2023, to a high of 11.72 on March 31, 2023. This ratio measures how efficiently the company collects payments from its customers. A higher ratio indicates that the company is able to collect its accounts receivable more quickly, which is generally preferable as it implies a shorter time for converting credit sales into cash.

The average receivables turnover ratio for the period under review appears to be around 8, although there are noticeable fluctuations from quarter to quarter. These fluctuations could be due to seasonality in the business, changes in credit policies, or shifts in customer payment behavior. It is important for stakeholders to closely monitor the receivables turnover ratio to ensure that the company is effectively managing its accounts receivable and maintaining healthy cash flows.