Science Applications International Corporation Common Stock (SAIC)
Receivables turnover
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,569,000 | 7,556,000 | 7,570,000 | 7,617,000 | 7,585,000 | 7,434,000 | 7,423,000 | 7,428,000 | 7,310,000 | 7,239,000 | 7,159,000 | 7,087,000 | 6,966,000 | 6,879,000 | 6,691,000 | 6,521,000 | 6,379,000 | 6,031,000 | 5,578,000 | 5,099,000 |
| Receivables | US$ in thousands | 914,000 | 1,010,000 | 958,000 | — | 936,000 | 1,059,000 | 1,036,000 | 1,104,000 | 1,015,000 | 1,107,000 | 1,064,000 | 1,023,000 | 962,000 | 1,052,000 | 1,032,000 | — | 1,099,000 | — | — | — |
| Receivables turnover | 8.28 | 7.48 | 7.90 | — | 8.10 | 7.02 | 7.17 | 6.73 | 7.20 | 6.54 | 6.73 | 6.93 | 7.24 | 6.54 | 6.48 | — | 5.80 | — | — | — |
February 2, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,569,000K ÷ $914,000K
= 8.28
The analysis of Science Applications International Corporation Common Stock receivables turnover reveals that the company has shown some variability in this ratio over the past several quarters. The receivables turnover ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
The receivables turnover ratio has ranged from a low of 6.48 to a high of 8.28 over the observed period. The higher the ratio, the more efficiently the company is collecting on its credit sales. It is encouraging to see that the company has generally maintained a healthy receivables turnover ratio above 7, indicating a relatively efficient collection process.
However, the slight fluctuations in the ratio suggest that the company may have experienced some variability in its collection efforts during different quarters. It is important for the company to closely monitor and potentially improve its credit and collection policies to ensure a consistent and efficient process of converting accounts receivable into cash.
Overall, the trend of the receivables turnover ratio for Science Applications International Corporation Common Stock indicates a reasonable level of efficiency in managing its accounts receivable, but there may be room for improvement in maintaining a more stable and consistently high ratio.
Peer comparison
Feb 2, 2024