Wolfspeed Inc (WOLF)

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	808,400	641,700	715,400	780,300	879,900	881,000	849,900	784,800	699,400	624,100	566,500	539,700	592,900	652,800	734,000	857,800	896,200	941,700	1,000,689	1,165,805
Receivables	US$ in thousands	198,800	137,800	147,400	177,700	172,700	180,400	181,500	163,700	289,900	133,700	120,800	117,000	112,400	97,200	93,800	119,300	120,600	167,100	138,300	137,600
Receivables turnover		4.07	4.66	4.85	4.39	5.09	4.88	4.68	4.79	2.41	4.67	4.69	4.61	5.27	6.72	7.83	7.19	7.43	5.64	7.24	8.47

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $808,400K ÷ $198,800K
= 4.07

Wolfspeed Inc's receivables turnover has shown some fluctuations over the provided periods. The receivables turnover ratio indicates how efficiently the company is collecting payments from its customers. A higher ratio implies that the company is collecting its outstanding receivables more quickly.

The trend shows that the receivables turnover ratio has ranged from a low of 2.41 to a high of 8.47. This variability suggests that the company's collection efficiency has been inconsistent over time. The highest turnover ratio of 8.47 was recorded in the third quarter of 2019, indicating a peak in collection efficiency during that period.

In recent quarters, the receivables turnover ratio has been in the range of 4 to 5 times, which indicates that the company is collecting its receivables at a moderate pace. It is important for Wolfspeed Inc to monitor this ratio closely to ensure that it maintains a healthy balance between collecting payments promptly and maintaining good customer relationships.