Western Digital Corporation (WDC)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,090,000 | 12,013,000 | 18,514,000 | 16,666,000 | 16,330,000 |
| Receivables | US$ in thousands | 2,170,000 | 1,598,000 | 2,804,000 | 2,257,000 | 2,379,000 |
| Receivables turnover | 6.03 | 7.52 | 6.60 | 7.38 | 6.86 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,090,000K ÷ $2,170,000K
= 6.03
The receivables turnover ratio for Western Digital Corporation has fluctuated over the past five years. In fiscal year 2024, the receivables turnover stood at 6.03, representing a decrease from the previous year's ratio of 7.52. This decrease may suggest a slower collection of receivables compared to the prior year. However, the 2024 ratio is still higher than the ratios in fiscal years 2022 and 2020, indicating improved efficiency in collecting receivables compared to those periods. Overall, the trend in the receivables turnover ratio for Western Digital Corporation shows variability but generally suggests some effectiveness in managing accounts receivable collection.
Peer comparison
Jun 30, 2024