Broadcom (NAS:AVGO) Receivables Turnover

: 2.88 (As of Jan. 2023)

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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. Broadcom's Revenue for the three months ended in Jan. 2023 was $8,915 Mil. Broadcom's average Accounts Receivable for the three months ended in Jan. 2023 was $3,096 Mil. Hence, Broadcom's Receivables Turnover for the three months ended in Jan. 2023 was 2.88.

Broadcom Receivables Turnover Historical Data

The historical data trend for Broadcom'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.

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Broadcom Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Receivables Turnover

7.22

6.86

8.60

12.57

13.20

Broadcom Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Receivables Turnover																3.34	2.88	2.92	3.15	2.88

Competitive Comparison

For the Semiconductors subindustry, Broadcom'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.

Annual Data Quarterly Data

Broadcom Receivables Turnover Distribution

For the Semiconductors industry and Technology sector, Broadcom's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Broadcom's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

Broadcom Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Broadcom's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	33203	/ (	(2071	+	2958)	/	2 )
=	33203	/	2514.5
=	13.20

Broadcom's Receivables Turnover for the quarter that ended in Jan. 2023 is calculated as

	Receivables Turnover (Q: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Jan. 2023 ))	/	count )
=	8915	/ (	(2958	+	3234)	/	2 )
=	8915	/	3096
=	2.88

Broadcom (NAS:AVGO) 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.

Broadcom Receivables Turnover Related Terms

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Broadcom (NAS:AVGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Broadcom Inc (NAS:AVGO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AVGOP.PFD:USA AVGON:Mexico 1YD:Germany AVGO34:Brazil BROA:Austria

Address

1320 Ridder Park Drive, San Jose, CA, USA, 95131-2313

Website

https://www.broadcom.com

Broadcom—the combined entity of Broadcom and Avago—boasts a highly diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets. Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, Symantec's enterprise security business, and has a pending deal to acquire VMware to bolster its offerings in software.

Executives

Raul J Fernandez	director	11600 SUNRISE VALLEY DR, RESTON VA 20191
Justine Lien	director	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Diane M Bryant	director	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Harry L. You	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Thomas H. Krause	officer: Chief Financial Officer	1320 RIDDER PARK, SAN JOSE CA 95131
Bryan Ingram	officer: SVP & GM, Wireless Semicon Div	C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131
Kirsten M. Spears	officer: Principal Accounting Officer	1320 RIDDER PARK, SAN JOSE CA 95131
Charlie B Kawwas	officer: SVP & Chief Sales Officer	C/O AVAGO TECHNOLOGIES U.S. INC., 350 WEST TRIMBLE ROAD, SAN JOSE CA 95131
Mark David Brazeal	officer: Chief Legal Officer	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Hock E Tan	director, officer: President and CEO	BROADCOM INC., 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Silver Lake Partners V De (aiv), L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Associates V, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slta V (gp), L.l.c.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Investors V, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Group, L.l.c.	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025