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. Littelfuse's Revenue for the
three
months ended in Dec. 2023 was $534 Mil. Littelfuse's average Accounts Receivable for the
three
months ended in Dec. 2023 was $307 Mil.
Hence, Littelfuse's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.74.
Littelfuse Receivables Turnover Historical Data
The historical data trend for Littelfuse'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 Littelfuse's Receivables Turnover
For the Electronic Components subindustry, Littelfuse'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.
Littelfuse's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Littelfuse's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Littelfuse's Receivables Turnover falls into.
Littelfuse Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Littelfuse'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.
Littelfuse Receivables Turnover Related Terms
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Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
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