Sitime Corporation (SITM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 143,993 | 283,605 | 218,808 | 116,156 | 84,074 |
| Receivables | US$ in thousands | 21,861 | 41,229 | 38,376 | 24,656 | 18,732 |
| Receivables turnover | 6.59 | 6.88 | 5.70 | 4.71 | 4.49 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $143,993K ÷ $21,861K
= 6.59
The receivables turnover for SiTime Corp has been relatively stable over the past five years, ranging from 4.49 to 6.88 times. The ratio represents the number of times a company collects its accounts receivable balance during a certain period.
The trend indicates that the company has been effectively managing its accounts receivable collection process, with a consistent ability to convert its credit sales into cash. A higher turnover ratio suggests that SiTime is efficiently collecting payments from customers, which is a positive sign for its liquidity and cash flow management.
Overall, the analysis of the receivables turnover ratio for SiTime Corp indicates a strong performance in managing and collecting its accounts receivable over the years.
Peer comparison
Dec 31, 2023