Viavi Solutions Inc (VIAV)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,000,400 | 1,106,100 | 1,292,400 | 1,198,900 | 1,136,300 |
| Receivables | US$ in thousands | 244,900 | 263,900 | 285,800 | 275,600 | 256,900 |
| Receivables turnover | 4.08 | 4.19 | 4.52 | 4.35 | 4.42 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,000,400K ÷ $244,900K
= 4.08
The receivables turnover ratio for Viavi Solutions Inc has shown a slight decrease over the past five years, from 4.42 in 2020 to 4.08 in 2024. This indicates that the company is collecting its accounts receivable more slowly over time. A lower receivables turnover may suggest potential issues with collecting payments from customers or that the company is extending longer credit terms to customers. Further investigation into the company's receivables management practices and credit policies may be warranted to understand the reasons behind this trend and to identify any areas for improvement in the collection process.
Peer comparison
Jun 30, 2024