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NXP Semiconductors NV (LTS:0EDE) Receivables Turnover : 3.52 (As of Mar. 2024)


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What is NXP Semiconductors NV 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. NXP Semiconductors NV's Revenue for the three months ended in Mar. 2024 was $3,126 Mil. NXP Semiconductors NV's average Accounts Receivable for the three months ended in Mar. 2024 was $888 Mil. Hence, NXP Semiconductors NV's Receivables Turnover for the three months ended in Mar. 2024 was 3.52.


NXP Semiconductors NV Receivables Turnover Historical Data

The historical data trend for NXP Semiconductors NV'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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NXP Semiconductors NV Receivables Turnover Chart

NXP Semiconductors NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.17 12.03 13.11 14.03 14.32

NXP Semiconductors NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.09 3.11 3.43 3.73 3.52

Competitive Comparison of NXP Semiconductors NV's Receivables Turnover

For the Semiconductors subindustry, NXP Semiconductors NV'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.


NXP Semiconductors NV's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where NXP Semiconductors NV's Receivables Turnover falls into.



NXP Semiconductors NV Receivables Turnover Calculation

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

NXP Semiconductors NV'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 )
=13276 / ((960 + 894) / 2 )
=13276 / 927
=14.32

NXP Semiconductors NV's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3126 / ((894 + 881) / 2 )
=3126 / 887.5
=3.52

* 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.


NXP Semiconductors NV  (LTS:0EDE) 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.


NXP Semiconductors NV Receivables Turnover Related Terms

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NXP Semiconductors NV (LTS:0EDE) Business Description

Traded in Other Exchanges
Address
60 High Tech Campus, Eindhoven, NB, NLD, 5656 AG
NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.

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