Silicon Laboratories Inc (SLAB)

Receivables turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	584,386	504,982	542,347	641,846	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
Receivables	US$ in thousands	54,479	48,879	41,212	32,616	29,295	102,142	98,256	—	71,437	—	—	—	98,313	—	—	—	—	—	—	—
Receivables turnover		10.73	10.33	13.16	19.68	26.70	9.33	10.37	—	14.34	—	—	—	7.33	—	—	—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $584,386K ÷ $54,479K
= 10.73

The receivables turnover ratio of Silicon Laboratories Inc has shown variability over the past few quarters. The trend indicates that the company has experienced challenges in efficiently converting its accounts receivable into cash.

In December 2021, the receivables turnover ratio was 7.33, which indicates that the company took approximately 7.33 times to collect its accounts receivable during that period. However, this figure improved significantly to 26.70 by December 2023, showing a more efficient collection process.

The receivables turnover ratio decreased to 19.68 in March 2024 and further declined to 10.73 by December 2024. This downward trend suggests that the company may be facing difficulties in managing its accounts receivable efficiently, potentially leading to delayed collections.

Overall, Silicon Laboratories Inc should focus on improving its receivables turnover ratio to ensure timely collection of outstanding receivables and optimize its cash flow management.