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. Teradyne's Revenue for the
three
months ended in Mar. 2024 was $600 Mil. Teradyne's average Accounts Receivable for the
three
months ended in Mar. 2024 was $424 Mil.
Hence, Teradyne's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.41.
Teradyne Receivables Turnover Historical Data
The historical data trend for Teradyne'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 Teradyne's Receivables Turnover
For the Semiconductor Equipment & Materials subindustry, Teradyne'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.
Teradyne's Receivables Turnover Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Teradyne's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Teradyne's Receivables Turnover falls into.
Teradyne Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Teradyne's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Teradyne Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Teradyne's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
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