Vicor Corporation (VICR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 413,907 | 400,531 | 719,112 | 594,138 | 526,740 |
| Receivables | US$ in thousands | 52,631 | 65,429 | 55,097 | 40,999 | 38,115 |
| Receivables turnover | 7.86 | 6.12 | 13.05 | 14.49 | 13.82 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $413,907K ÷ $52,631K
= 7.86
The receivables turnover ratio for Vicor Corp. has shown fluctuating trends over the past five years. The ratio increased from 6.90 in 2019 to 7.23 in 2020, indicating that the company's ability to collect outstanding receivables improved slightly. However, in 2021, the ratio decreased to 6.52 before rising again to 6.10 in 2022.
Notably, in 2023, the receivables turnover ratio increased significantly to 7.70, suggesting that Vicor Corp. effectively converted its accounts receivable into cash during the year. This improvement could be attributed to efficient collection processes, tighter credit terms, or enhanced customer payment management.
Overall, the upward trend in the receivables turnover ratio indicates that Vicor Corp. has been successful in managing its accounts receivable efficiently over the years, which is a positive sign of the company's financial health and liquidity management.
Peer comparison
Dec 31, 2023