Vishay Intertechnology Inc (VSH)
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 | 3,402,045 | 3,472,107 | 3,543,252 | 3,514,654 | 3,497,401 | 3,485,175 | 3,374,040 | 3,329,648 | 3,240,487 | 3,064,595 | 2,891,092 | 2,653,689 | 2,501,898 | 2,444,295 | 2,432,464 | 2,535,987 | 2,668,305 | 2,834,620 | 2,987,263 | 3,063,053 |
| Receivables | US$ in thousands | 426,674 | 442,646 | 453,250 | — | 416,178 | — | — | — | 396,458 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 7.97 | 7.84 | 7.82 | — | 8.40 | — | — | — | 8.17 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,402,045K ÷ $426,674K
= 7.97
The receivables turnover ratio measures how efficiently a company is able to collect cash from its customers. Vishay Intertechnology, Inc.'s receivables turnover ratio has been relatively stable over the past eight quarters, ranging from a low of 7.82 to a high of 8.40.
A higher receivables turnover ratio indicates that the company is collecting cash from its customers more quickly, which is generally seen as a positive sign of strong liquidity and efficient credit management.
Vishay Intertechnology's average receivables turnover ratio over the past eight quarters is approximately 8.05, showing consistent performance in collecting cash from customers in a timely manner.
However, it is important to note that the receivables turnover ratio should be analyzed in conjunction with other financial metrics to get a comprehensive view of the company's financial health and efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023