GLOBALFOUNDRIES (GLOBALFOUNDRIES) Receivables Turnover : 1.52 (As of Dec. 2023)

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What is GLOBALFOUNDRIES 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. GLOBALFOUNDRIES's Revenue for the three months ended in Dec. 2023 was $1,854 Mil. GLOBALFOUNDRIES's average Accounts Receivable for the three months ended in Dec. 2023 was $1,221 Mil. Hence, GLOBALFOUNDRIES's Receivables Turnover for the three months ended in Dec. 2023 was 1.52.

GLOBALFOUNDRIES Receivables Turnover Historical Data

The historical data trend for GLOBALFOUNDRIES'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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GLOBALFOUNDRIES Receivables Turnover Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.98

6.86

8.03

9.56

6.59

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												2.59	2.20	2.15	1.96	1.52

Competitive Comparison of GLOBALFOUNDRIES's Receivables Turnover

For the Semiconductors subindustry, GLOBALFOUNDRIES'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.

GLOBALFOUNDRIES's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where GLOBALFOUNDRIES's Receivables Turnover falls into.

GLOBALFOUNDRIES Receivables Turnover Calculation

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

GLOBALFOUNDRIES's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7392	/ (	(824	+	1420)	/	2 )
=	7392	/	1122
=	6.59

GLOBALFOUNDRIES'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 )
=	1854	/ (	(1021	+	1420)	/	2 )
=	1854	/	1220.5
=	1.52

GLOBALFOUNDRIES (NAS:GFS) 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.

GLOBALFOUNDRIES Receivables Turnover Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.