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. Plexus's Revenue for the
three
months ended in Mar. 2024 was $967 Mil. Plexus's average Accounts Receivable for the
three
months ended in Mar. 2024 was $651 Mil.
Hence, Plexus's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.49.
Plexus Receivables Turnover Historical Data
The historical data trend for Plexus'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 Plexus's Receivables Turnover
For the Electronic Components subindustry, Plexus'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.
Plexus's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Plexus's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Plexus's Receivables Turnover falls into.
Plexus Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Plexus's Receivables Turnover for the fiscal year that ended in Sep. 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.
Plexus Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Plexus's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Plexus Corp is a U.S based Electronic Manufacturing Services company that provides a range of services, from conceptualization and design to fulfilling orders and providing sustaining solutions, such as replenishment and refurbishment. The company's segments comprise AMER, APAC,ge and EMEA.
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