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.
Peer comparison
Mar 31, 2025