Vicor Corporation (VICR)
Receivables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 263,414 | 274,009 | 281,058 | 291,685 |
| Receivables | US$ in thousands | 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 | 38,115 | 39,987 | 38,537 | 41,705 |
| Receivables turnover | 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 | 6.91 | 6.85 | 7.29 | 6.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $413,907K ÷ $52,631K
= 7.86
The receivables turnover ratio measures how effectively a company is collecting its accounts receivable during a specific period. In the case of Vicor Corp., the trend of the receivables turnover ratio over the past eight quarters shows fluctuations within a relatively narrow range. The ratio has varied between 6.10 and 7.70.
From Q1 2022 to Q4 2023, there have been fluctuations in the receivables turnover ratio, with some quarters showing higher turnover than others. On average, Vicor Corp. collects its accounts receivable approximately 6 to 7 times a year.
A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more efficiently. However, it is crucial to consider industry norms and compare the ratio with competitors to assess Vicor Corp.'s performance accurately.
Peer comparison
Dec 31, 2023