Ultra Clean Holdings Inc (UCTT)

Receivables turnover

Dec 31, 2024 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
Revenue (ttm) US$ in thousands 2,097,500 1,978,900 1,873,500 1,778,900 1,734,500 1,856,200 2,056,200 2,243,400 2,374,200 2,422,900 2,341,600 2,248,100 2,101,600 1,856,100 1,665,700 1,495,300 1,398,600 1,315,400 1,206,400 1,127,000
Receivables US$ in thousands 241,100 228,100 206,900 194,500 180,800 170,500 178,600 190,300 253,700 236,000 — — 250,100 232,500 210,400 168,000 145,500 145,500 138,900 113,200
Receivables turnover 8.70 8.68 9.06 9.15 9.59 10.89 11.51 11.79 9.36 10.27 — — 8.40 7.98 7.92 8.90 9.61 9.04 8.69 9.96

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,097,500K ÷ $241,100K
= 8.70

The receivables turnover ratio for Ultra Clean Holdings Inc exhibits some fluctuations over the specified periods. The ratio indicates how efficiently the company is able to collect payments from its customers. A higher turnover ratio generally suggests a more effective credit and collection process.

From March 31, 2020, to June 30, 2021, the receivables turnover ratio declined from 9.96 to 7.92, indicating a decrease in the company's ability to collect receivables efficiently. However, there was a slight improvement in the ratio to 8.40 by December 31, 2021.

Subsequently, the ratio increased to 11.79 by March 31, 2023, suggesting a significant enhancement in collecting payments efficiently. This trend continued with a slight decrease in the following periods while maintaining a relatively high turnover ratio, indicating continued effectiveness in managing receivables.

Overall, the receivables turnover ratio for Ultra Clean Holdings Inc demonstrates fluctuations but has generally shown improvements in efficiently collecting payments from customers, with occasional variations in performance.