Silicon Laboratories Inc (SLAB)
Receivables turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 782,258 | 952,738 | 1,018,795 | 1,037,079 | 1,024,106 | 975,461 | 890,475 | 796,817 | 720,860 | 658,009 | 605,909 | 550,767 | 607,787 | 681,396 | 771,959 | 864,318 | 837,554 | 833,650 | 840,599 | 850,996 |
| Receivables | US$ in thousands | 29,295 | 102,142 | 98,256 | — | 71,437 | — | — | — | 98,313 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 26.70 | 9.33 | 10.37 | — | 14.34 | — | — | — | 7.33 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $782,258K ÷ $29,295K
= 26.70
The receivables turnover ratio for Silicon Laboratories Inc fluctuated significantly over the past few quarters. In December 2023, the company achieved a high receivables turnover of 26.70 times, indicating that on average, the company collected its accounts receivable outstanding 26.70 times during the year. This suggests that the company efficiently managed its accounts receivable in that quarter.
However, in September 2023, the receivables turnover ratio dropped to 9.33 times, reflecting a slowdown in the collection of accounts receivable compared to the previous quarter. The sudden decrease in receivables turnover could point to potential issues with collecting payments from customers or changes in credit policies.
In June 2023, the ratio improved to 10.37 times, indicating a more efficient collection of accounts receivable compared to the previous quarter. However, the absence of data for March 2023 makes it challenging to track the trend over the entire financial year.
Overall, the receivables turnover ratio for Silicon Laboratories Inc appears to have experienced fluctuations, reflecting changes in the company's ability to collect outstanding receivables efficiently. It would be beneficial to monitor future quarters to assess the trend and identify any underlying factors influencing the collection process.
Peer comparison
Dec 31, 2023