Western Digital Corporation (WDC)

Receivables turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	13,090,000	11,595,000	10,969,000	11,079,000	12,005,000	13,886,000	15,469,000	17,192,000	18,500,000	18,881,000	18,631,000	17,736,000	16,600,000	15,953,000	16,072,000	16,444,000	16,647,000	16,083,000	15,464,000	15,345,000
Receivables	US$ in thousands	2,170,000	1,800,000	1,523,000	1,451,000	1,598,000	1,591,000	1,905,000	2,422,000	2,804,000	—	2,743,000	—	2,257,000	—	—	—	—	—	—	—
Receivables turnover		6.03	6.44	7.20	7.64	7.51	8.73	8.12	7.10	6.60	—	6.79	—	7.35	—	—	—	—	—	—	—

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,090,000K ÷ $2,170,000K
= 6.03

The analysis of Western Digital Corporation's receivables turnover ratio over the past quarters reveals a fluctuating trend. The ratio peaked at 8.73 in the quarter ending March 31, 2023, indicating that the company collected its accounts receivable approximately 8.73 times during that period. Subsequently, the ratio witnessed a gradual decline until September 30, 2023, where it reached its lowest point at 6.60.

From September 30, 2023, onwards, there was a steady improvement in the receivables turnover ratio, reaching 7.64 by the end of September 30, 2024. Overall, the company demonstrated efficiency in collecting its receivables over the period under review, with an average turnover ratio of around 7.26.

The fluctuations in the receivables turnover ratio may indicate changes in the company's credit policies, customer payment behavior, or the overall economic environment. Further analysis and comparison with industry benchmarks could provide additional insights into Western Digital Corporation's management of its receivables.