Skyworks Solutions Inc (SWKS)

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	4,178,000	4,371,800	4,537,500	4,644,600	4,772,400	4,912,600	5,074,000	5,256,500	5,437,600	5,376,100	5,259,900	5,096,100	5,095,700	4,755,000	4,375,400	3,969,700	3,355,800	3,226,400	3,256,600	3,300,900
Receivables	US$ in thousands	508,800	607,400	615,300	659,400	864,300	726,800	685,000	764,100	1,094,000	785,600	798,100	774,000	756,200	570,500	499,000	689,900	358,500	346,100	367,600	426,800
Receivables turnover		8.21	7.20	7.37	7.04	5.52	6.76	7.41	6.88	4.97	6.84	6.59	6.58	6.74	8.33	8.77	5.75	9.36	9.32	8.86	7.73

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,178,000K ÷ $508,800K
= 8.21

The receivables turnover ratio for Skyworks Solutions Inc has fluctuated over the past few quarters, ranging from a low of 4.97 to a high of 9.36. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.

A higher receivables turnover ratio suggests that the company is more efficient in collecting payments from its customers, which is generally favorable. Skyworks Solutions Inc experienced its highest receivables turnover ratio in March 2021 at 9.36, indicating a particularly efficient collection of accounts receivable during that period.

On the other hand, a lower receivables turnover ratio may indicate potential issues with collecting payments, such as extending credit to customers that may have difficulty paying on time. The company saw its lowest turnover ratio in September 2022 at 4.97, which may warrant further investigation into the company's credit policies and collection processes during that period.

Overall, analyzing the trend of the receivables turnover ratio over time can provide insights into the effectiveness of Skyworks Solutions Inc's accounts receivable management and help assess the company's liquidity and credit risk.