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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. Microchip Technology's Revenue for the three months ended in Mar. 2024 was $1,326 Mil. Microchip Technology's average Accounts Receivable for the three months ended in Mar. 2024 was $1,267 Mil. Hence, Microchip Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.05.
The historical data trend for Microchip Technology'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.
Microchip Technology Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 5.86 | 5.68 | 6.62 | 7.12 | 6.25 |
Microchip Technology Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Receivables Turnover | Get a 7-Day Free Trial | 1.81 | 1.66 | 1.43 | 1.14 | 1.05 |
For the Semiconductors subindustry, Microchip Technology'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.
For the Semiconductors industry and Technology sector, Microchip Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Microchip Technology's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Microchip Technology's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as
Receivables Turnover (A: Mar. 2024 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (A: Mar. 2024 ) | / ( | (Accounts Receivable (A: Mar. 2023 ) | + | Accounts Receivable (A: Mar. 2024 )) | / | count ) |
= | 7634.4 | / ( | (1300.4 | + | 1141.7) | / | 2 ) |
= | 7634.4 | / | 1221.05 | ||||
= | 6.25 |
Microchip Technology's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as
Receivables Turnover (Q: Mar. 2024 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Mar. 2024 ) | / ( | (Accounts Receivable (Q: Dec. 2023 ) | + | Accounts Receivable (Q: Mar. 2024 )) | / | count ) |
= | 1325.8 | / ( | (1392.6 | + | 1141.7) | / | 2 ) |
= | 1325.8 | / | 1267.15 | ||||
= | 1.05 |
* 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.
Microchip Technology (NAS:MCHP) Receivables Turnover Explanation
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.
Thank you for viewing the detailed overview of Microchip Technology's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
James Eric Bjornholt | officer: VP and CFO | MICROCHIP TECHNOLOGY INCORPORATED, 2355 WEST CHANDLER BOULEVARD, CHANDLER AZ 85224-6199 |
Karlton D Johnson | director | C/O MICROCHIP TECHNOLOGY INCORPORATED, 2355 W. CHANDLER BOULEVARD, CHANDLER AZ 85224-6199 |
Matthew W Chapman | director | 400 SW SIXTH AVENUE, SUITE 200, PORTLAND OR 97204 |
Robert A. Rango | director | 5300 CALIFORNIA AVENUE, IRVINE CA 92617 |
Richard J Simoncic | officer: VP, Microperipheral Prod Div | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Mitchell R Little | officer: VP, WW Sales and Appns. | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Ganesh Moorthy | officer: VP, MCU and Auto. Div. | MICROCHIP, 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Steve Sanghi | director, officer: President, CEO, Chairman | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Wade F Meyercord | director | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Stephen V Drehobl | officer: VP, Security, MCU & Tech Div. | |
L B Day | director | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Karen Marie Rapp | director | C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759 |
Esther Johnson | director | 8731 S 600 W, CLAYPOOL IN 46510 |
Hugo Martinez Albert J | director | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
David S Lambert | officer: VP, Fab Operations | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
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