Vicor Corporation (VICR)
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 | 370,897 | 364,507 | 379,099 | 399,963 | 413,907 | 420,379 | 415,653 | 411,092 | 401,558 | 744,011 | 725,804 | 718,994 | 719,508 | 353,979 | 347,180 | 322,565 | 297,170 | 275,993 | 268,669 | 261,279 |
| Receivables | US$ in thousands | 52,948 | 58,525 | 54,857 | 57,604 | 52,631 | 62,638 | 63,818 | 61,061 | 65,429 | 56,287 | 54,536 | 52,659 | 55,097 | 51,080 | 55,012 | 47,697 | 40,999 | 41,136 | 48,502 | 41,279 |
| Receivables turnover | 7.00 | 6.23 | 6.91 | 6.94 | 7.86 | 6.71 | 6.51 | 6.73 | 6.14 | 13.22 | 13.31 | 13.65 | 13.06 | 6.93 | 6.31 | 6.76 | 7.25 | 6.71 | 5.54 | 6.33 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $370,897K ÷ $52,948K
= 7.00
The receivables turnover ratio for Vicor Corporation has fluctuated over the past years. It was 6.33 in March 2020 and showed a decreasing trend until reaching its lowest point of 5.54 in June 2020. From there, the ratio started increasing steadily, reaching its peak of 13.65 in March 2022. This high ratio indicates that the company was collecting its accounts receivables at a much faster pace during that period.
Subsequently, there was a decline in the receivables turnover ratio, reaching 6.14 by December 2022. The ratio continued to fluctuate around the 6 to 7 range throughout 2023 and 2024, with some minor variations noted.
Overall, the receivables turnover ratio for Vicor Corporation demonstrates fluctuations in the efficiency of the company in collecting outstanding receivables. It is important to monitor this ratio closely as it reflects the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2024