Sanmina Corporation (SANM)

Receivables turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	8,898,760	7,890,480	6,756,640	6,960,370	8,233,860
Receivables	US$ in thousands	-8,000	-8,000	-7,000	-8,570	-12,481
Receivables turnover		—	—	—	—	—

September 30, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $8,898,760K ÷ $-8,000K
= —

The receivables turnover ratio for Sanmina Corp has been relatively stable over the past five years, indicating the company's efficiency in collecting outstanding receivables. The ratio increased from 5.67 in 2021 to 7.26 in 2023, suggesting an improvement in the company's ability to collect receivables. This may be attributed to effective credit management and collection practices. Overall, the consistent and relatively high receivables turnover ratio reflects Sanmina Corp's strong liquidity and efficient management of customer credit.