Viavi Solutions Inc (VIAV)
Receivables turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,000,400 | 1,012,000 | 1,013,800 | 1,043,800 | 1,106,100 | 1,177,800 | 1,245,500 | 1,275,800 | 1,292,400 | 1,268,000 | 1,255,900 | 1,241,000 | 1,198,900 | 1,154,600 | 1,107,400 | 1,121,200 | 1,136,300 | 1,159,400 | 1,168,400 | 1,161,600 |
| Receivables | US$ in thousands | 244,900 | 244,600 | 240,900 | 222,500 | 263,900 | — | 260,200 | — | 285,800 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 4.08 | 4.14 | 4.21 | 4.69 | 4.19 | — | 4.79 | — | 4.52 | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,000,400K ÷ $244,900K
= 4.08
The receivables turnover ratio for Viavi Solutions Inc has shown some fluctuation over the past few quarters. The ratio stands at 4.08 as of June 30, 2024, indicating that the company collects its accounts receivable approximately 4.08 times during the period.
Comparing this to the previous quarters, we see a downward trend from the peak of 4.79 on December 31, 2022. This could suggest that Viavi Solutions Inc took longer to collect its receivables in the most recent quarter.
While the ratio has shown variability, it is important to note that a higher turnover ratio is generally favorable as it indicates that the company is able to efficiently convert its accounts receivable into cash. The management should closely monitor this ratio to ensure timely collection of receivables and maintain healthy cash flows.
Peer comparison
Jun 30, 2024