Qorvo (NAS:QRVO) Receivables Turnover

: 1.47 (As of Dec. 2022)

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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. Qorvo's Revenue for the three months ended in Dec. 2022 was $743 Mil. Qorvo's average Accounts Receivable for the three months ended in Dec. 2022 was $506 Mil. Hence, Qorvo's Receivables Turnover for the three months ended in Dec. 2022 was 1.47.

Qorvo Receivables Turnover Historical Data

The historical data trend for Qorvo'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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Qorvo Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

8.45

8.54

8.69

9.74

9.05

Qorvo Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover																1.72	1.94	1.88	1.96	1.47

Competitive Comparison

For the Semiconductors subindustry, Qorvo'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

Qorvo Receivables Turnover Distribution

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

* The bar in red indicates where Qorvo'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.

Qorvo Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	4645.714	/ (	(457.431	+	568.85)	/	2 )
=	4645.714	/	513.1405
=	9.05

Qorvo's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	743.281	/ (	(645.125	+	367.636)	/	2 )
=	743.281	/	506.3805
=	1.47

Qorvo (NAS:QRVO) 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.

Qorvo Receivables Turnover Related Terms

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Qorvo (NAS:QRVO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

QRVO:Mexico 2QO:Germany Q1RV34:Brazil

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Executives

Frank P. Stewart	officer: VP, Advanced Cellular	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Grant Brown	officer: VP of Treasury & Interim CFO	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley	officer: Pres. Infra & Defense	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Paul J Fego	officer: VP, Global Operations	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Mark J. Murphy	officer: Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Gina Harrison	officer: VP and Corporate Controller	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Michael J. Laber	officer: VP and Corporate Controller	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Steven J Buhaly	officer: CFO and Secretary	1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Daniel A Dileo	director	C/O RF MICRO DEVICES, 7628 THORNDIKE ROAD, GREENSBORO NC 27409
C Scott Gibson	director	PMB 316, PO BOX 30,000, JACKSON WY 83002
Roderick Nelson	director	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Ho David H Y	director	5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416