Indie Semiconductor (STU:48H) Receivables Turnover : 0.90 (As of Mar. 2024)

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What is Indie Semiconductor 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. Indie Semiconductor's Revenue for the three months ended in Mar. 2024 was €48.2 Mil. Indie Semiconductor's average Accounts Receivable for the three months ended in Mar. 2024 was €53.3 Mil. Hence, Indie Semiconductor's Receivables Turnover for the three months ended in Mar. 2024 was 0.90.

Indie Semiconductor Receivables Turnover Historical Data

The historical data trend for Indie Semiconductor'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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Indie Semiconductor Receivables Turnover Chart

Indie Semiconductor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.82

5.01

5.62

4.91

Indie Semiconductor Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.58	1.74	1.55	1.30	0.90

Competitive Comparison of Indie Semiconductor's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Indie Semiconductor'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.

Indie Semiconductor's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Indie Semiconductor Receivables Turnover Calculation

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

Indie Semiconductor'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 )
=	204.646	/ (	(24.96	+	58.323)	/	2 )
=	204.646	/	41.6415
=	4.91

Indie Semiconductor'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 )
=	48.165	/ (	(58.323	+	48.225)	/	2 )
=	48.165	/	53.274
=	0.90

Indie Semiconductor (STU:48H) 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.

Indie Semiconductor Receivables Turnover Related Terms

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Indie Semiconductor (STU:48H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indie Semiconductor Inc (STU:48H) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

INDI:USA 48H:Germany

Address

32 Journey, Aliso Viejo, CA, USA, 92656

Website

https://www.indiesemi.com

Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms.

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