Sandisk Corp (SNDK)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,355,000 | 6,663,000 | 6,086,000 | 9,754,000 | 5,564,870 |
| Receivables | US$ in thousands | 1,068,000 | 935,000 | 539,000 | 1,289,000 | — |
| Receivables turnover | 6.89 | 7.13 | 11.29 | 7.57 | — |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,355,000K ÷ $1,068,000K
= 6.89
The receivables turnover ratio for Sandisk Corp exhibits notable fluctuations across the specified periods. As of December 31, 2015, there is no available data for the receivables turnover, suggesting either the absence of relevant data or that the ratio was not computed or disclosed at that time.
By June 30, 2022, the receivables turnover ratio is reported at 7.57, indicating that the company collected its receivables approximately 7.57 times during that fiscal period. This figure suggests a moderate efficiency in receivables collection at that point in time.
The ratio increases significantly to 11.29 by June 30, 2023, reflecting an improvement in collection efficiency. An increase in the receivables turnover ratio typically signals that the company is collecting its outstanding receivables faster, which enhances cash flow and reduces the risk of bad debts.
However, subsequent periods show a decline: the ratio decreases to 7.13 by June 30, 2024, and further to 6.89 by June 30, 2025. These decreases imply a slowdown in collection efficiency, meaning that the company is taking longer to convert receivables into cash. Such a trend could be indicative of loosening credit policies, customer payment delays, or changes in the creditworthiness of the company's clientele.
Overall, Sandisk Corp's receivables turnover experienced a marked improvement between 2022 and 2023 but then declined in the subsequent years, returning to levels comparable to those observed in 2022. These variations highlight the importance of monitoring receivables management strategies and assessing their impact on liquidity and operational efficiency over time.
Peer comparison
Jun 30, 2025