Seagate Technology PLC (STX)
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 | 6,190,000 | 6,009,000 | 6,218,000 | 6,761,000 | 7,384,000 | 8,572,000 | 9,529,000 | 10,569,000 | 11,661,000 | 12,023,000 | 11,956,000 | 11,473,000 | 10,681,000 | 10,176,000 | 10,173,000 | 10,250,000 | 10,509,000 | 10,379,000 | 9,968,000 | 9,979,000 |
| Receivables | US$ in thousands | 539,000 | 457,000 | 593,000 | 630,000 | 788,000 | 994,000 | 840,000 | 1,098,000 | 1,532,000 | — | 1,399,000 | — | 1,158,000 | — | — | — | — | — | — | — |
| Receivables turnover | 11.48 | 13.15 | 10.49 | 10.73 | 9.37 | 8.62 | 11.34 | 9.63 | 7.61 | — | 8.55 | — | 9.22 | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,190,000K ÷ $539,000K
= 11.48
The receivables turnover ratio for Seagate Technology PLC has displayed fluctuations over the past few quarters. In the most recent quarter, the ratio stood at 11.48, indicating that the company converted its accounts receivables into cash 11.48 times during the period. This was an improvement from the previous quarter's ratio of 13.15 but higher than the ratios recorded in the three quarters before that.
A higher receivables turnover ratio generally reflects a more efficient credit and collection process, as the company is able to collect its outstanding receivables more quickly. However, it is essential to consider industry benchmarks and historical trends to fully assess the effectiveness of Seagate's accounts receivables management.
The quarterly variance in the receivables turnover ratio may be influenced by factors such as sales seasonality, changes in credit policies, or shifts in customer payment behavior. It is worth noting the absence of data for certain quarters, which may indicate irregular reporting or data availability.
Overall, continuous monitoring of the receivables turnover ratio is essential for evaluating Seagate's liquidity, operational efficiency, and credit risk management practices.
Peer comparison
Jun 30, 2024