Vishay Intertechnology Inc (VSH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 | 2,668,300 |
| Receivables | US$ in thousands | 426,674 | 416,178 | 396,458 | 338,632 | 328,187 |
| Receivables turnover | 7.97 | 8.40 | 8.17 | 7.39 | 8.13 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,402,040K ÷ $426,674K
= 7.97
The receivables turnover ratio for Vishay Intertechnology, Inc. has exhibited some variability over the past five years. The ratio measures the efficiency with which the company collects on its credit sales. A higher turnover ratio indicates that the company is collecting its accounts receivable more effectively.
Looking at the trend over the five-year period, we see fluctuations in the receivables turnover ratio. In 2023, the ratio decreased to 7.97 from 8.40 in 2022. This decline may suggest a slight decrease in the efficiency of collecting receivables compared to the previous year. However, it is still relatively healthy compared to earlier years.
In 2021, the receivables turnover ratio was 8.17, a slight improvement from 7.39 in 2020. This indicates that the company was able to collect its accounts receivable more efficiently in 2021, which is a positive sign.
In 2019, the ratio was 8.13, showing a similar level of efficiency in collecting receivables compared to 2023. Overall, despite some fluctuations, Vishay Intertechnology, Inc. has generally maintained a moderate to high level of efficiency in collecting its accounts receivable over the past five years.
Peer comparison
Dec 31, 2023