Sonos Inc (SONO)
Receivables turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,259,505 |
| Receivables | US$ in thousands | 131,581 | 69,725 | 80,811 | 67,583 | 114,658 | — | 109,703 | 101,206 | — | — | — | 100,779 | — | — | — | — | — | — | — | — |
| Receivables turnover | 11.97 | 22.24 | 19.83 | 24.75 | 14.68 | — | 16.21 | 17.31 | — | — | — | 17.03 | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,574,985K ÷ $131,581K
= 11.97
The receivables turnover ratio for Sonos Inc fluctuated over the periods analyzed, indicating variability in the efficiency of the company in collecting its accounts receivable. The highest receivables turnover of 24.75 was recorded on Sep 30, 2023, suggesting that Sonos was able to collect its outstanding receivables almost 25 times during that period.
However, there were instances where the ratio dropped significantly, such as on Jun 30, 2024, with a turnover of 11.97, indicating a potential slowdown in receivables collection efficiency during that quarter.
Overall, a higher receivables turnover ratio is generally preferred as it signifies that the company is collecting its outstanding receivables more frequently, thereby improving cash flow and liquidity. On the contrary, a lower turnover ratio may hint at potential issues with collection efforts or extending credit to customers. It would be important to further investigate the reasons behind the fluctuations in the receivables turnover ratio to gain a better understanding of Sonos Inc's financial performance and management of accounts receivable.
Peer comparison
Jun 30, 2024