Skyworks Solutions Inc (SWKS)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,178,000 | 4,772,400 | 5,437,600 | 5,095,700 | 3,355,700 |
| Receivables | US$ in thousands | 508,800 | 864,300 | 1,094,000 | 756,200 | 358,500 |
| Receivables turnover | 8.21 | 5.52 | 4.97 | 6.74 | 9.36 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,178,000K ÷ $508,800K
= 8.21
The receivables turnover ratio for Skyworks Solutions Inc has shown fluctuations over the past five years. In 2024, the receivables turnover ratio was 8.21, indicating that the company collected its accounts receivable approximately 8.21 times during the year. This represents an improvement from the previous year, where the receivables turnover ratio was 5.52.
In 2022 and 2021, Skyworks Solutions Inc experienced lower receivables turnover ratios of 4.97 and 6.74, respectively. This suggests that the company took more time to collect its accounts receivable compared to the other years in the dataset. However, the receivables turnover ratio rebounded in 2020 to 9.36, indicating a more efficient collection of accounts receivable.
Overall, the trend in the receivables turnover ratio for Skyworks Solutions Inc shows some variability, with improvements in certain years and declines in others. It is essential for the company to maintain a balance between efficient collection practices and maintaining good customer relationships to ensure timely payment of receivables.
Peer comparison
Sep 30, 2024