TE Connectivity Ltd (TEL)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,845,000 | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 |
| Receivables | US$ in thousands | 3,055,000 | 2,967,000 | 2,865,000 | 2,928,000 | 2,377,000 |
| Receivables turnover | 5.19 | 5.38 | 5.66 | 5.08 | 5.10 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,845,000K ÷ $3,055,000K
= 5.19
TE Connectivity Ltd's receivables turnover has exhibited a slight fluctuation over the past five years. The turnover ratio was 5.10 in September 2020, increased to 5.08 in September 2021, then rose to its peak at 5.66 in September 2022, before decreasing to 5.38 in September 2023, and further down to 5.19 in September 2024.
Overall, the company's receivables turnover ratio indicates that TE Connectivity Ltd is efficient in collecting outstanding receivables from its customers. However, the slight fluctuations in the turnover ratio suggest that the company may have experienced variations in its sales and collection cycles over the years. Further analysis of the underlying factors driving these changes would provide a more in-depth understanding of the company's receivables management efficiency.
Peer comparison
Sep 30, 2024