Sonos Inc (SONO)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Receivables | US$ in thousands | 44,513 | 131,581 | 69,725 | 80,811 | 67,583 | 114,658 | — | 109,703 | 101,206 | — | — | — | 100,779 | — | — | — | — | — | — | — |
| Receivables turnover | 34.27 | 11.97 | 22.24 | 19.83 | 24.75 | 14.68 | — | 16.21 | 17.31 | — | — | — | 17.03 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,525,344K ÷ $44,513K
= 34.27
The receivables turnover ratio measures how efficiently a company is collecting cash from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.
Analyzing Sonos Inc's receivables turnover over the past quarters, we observe fluctuations in the ratio. In the latest quarter ending September 30, 2024, the receivables turnover ratio was notably high at 34.27 times, indicating that Sonos collected its receivables approximately 34 times during the period. This suggests efficient management of accounts receivable and timely collection from customers.
Looking at previous quarters, there is variability in the receivables turnover ratio. For instance, in the June 30, 2024 quarter, the ratio was 11.97, lower compared to the latest period, indicating a slower collection of receivables during that period. However, in the March 31, 2024 quarter, the ratio improved to 22.24, indicating better receivables management compared to the June quarter.
It is important to note the absence of data for some quarters, as indicated by dashes, making it challenging to assess the trend over a continuous period. Nevertheless, the overall trend suggests that Sonos has been effectively managing its receivables turnover, with some fluctuations observed in different reporting periods.
Further analysis of the reasons behind these fluctuations and a comparison with industry benchmarks could provide more insights into Sonos' receivables management efficiency.
Peer comparison
Sep 30, 2024