Microchip Technology (BSP:M1CH34) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Microchip Technology Receivables Turnover?

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 Dec. 2023 was R$8,652 Mil. Microchip Technology's average Accounts Receivable for the three months ended in Dec. 2023 was R$7,615 Mil. Hence, Microchip Technology's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Microchip Technology Receivables Turnover Historical Data

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.

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Microchip Technology Receivables Turnover Chart

Microchip Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.91

6.54

6.07

6.22

7.27

Microchip Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.89	1.80	1.60	1.44	1.14

Competitive Comparison of Microchip Technology's Receivables Turnover

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.

Microchip Technology's Receivables Turnover Distribution in the Semiconductors Industry

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.

Microchip Technology Receivables Turnover Calculation

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. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	43953.813	/ (	(5322.26	+	6773.263)	/	2 )
=	43953.813	/	6047.7615
=	7.27

Microchip Technology's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	8651.577	/ (	(8406.655	+	6823.461)	/	2 )
=	8651.577	/	7615.058
=	1.14

Microchip Technology (BSP:M1CH34) 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.

Microchip Technology Receivables Turnover Related Terms

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Microchip Technology (BSP:M1CH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Microchip Technology Inc (BSP:M1CH34) » Definitions » Receivables Turnover

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MCHP:USA 1MCHP:Italy MCP:Germany MCHP:Austria

Address

2355 West Chandler Boulevard, Chandler, AZ, USA, 85224-6199

Website

https://www.microchip.com

Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

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