The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Texas Instruments's Revenue for the
three
months ended in Mar. 2024 was $3,661 Mil. Texas Instruments's average Accounts Receivable for the
three
months ended in Mar. 2024 was $1,729 Mil.
Hence, Texas Instruments's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.12.
Texas Instruments Receivables Turnover Historical Data
The historical data trend for Texas Instruments's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Texas Instruments's Receivables Turnover
For the Semiconductors subindustry, Texas Instruments's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Texas Instruments's Receivables Turnover Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Texas Instruments's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Texas Instruments's Receivables Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Texas Instruments Receivables Turnover Related Terms
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Texas Instruments (Texas Instruments) Business Description
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
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