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.