Apple (NEOE:AAPL) Receivables Turnover : 4.52 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Apple 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. Apple's Revenue for the three months ended in Dec. 2023 was C$160,422 Mil. Apple's average Accounts Receivable for the three months ended in Dec. 2023 was C$35,522 Mil. Hence, Apple's Receivables Turnover for the three months ended in Dec. 2023 was 4.52.

Apple Receivables Turnover Historical Data

The historical data trend for Apple'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.

* Premium members only.

Apple Receivables Turnover Chart

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

Get a 7-Day Free Trial

11.37

14.05

16.97

14.84

13.38

Apple 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															4.56	4.57	4.30	3.68	4.52

Competitive Comparison of Apple's Receivables Turnover

For the Consumer Electronics subindustry, Apple'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.

Apple's Receivables Turnover Distribution in the Hardware Industry

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

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

Apple Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	518622.933	/ (	(37594.638	+	39927.275)	/	2 )
=	518622.933	/	38760.9565
=	13.38

Apple'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 )
=	160421.82	/ (	(39927.275	+	31117.07)	/	2 )
=	160421.82	/	35522.1725
=	4.52

Apple (NEOE:AAPL) 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.

Apple Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Apple's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Apple (NEOE:AAPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NEOE:AAPL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AAPL:USA AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC:Germany AAPL:Chile AAPL34:Brazil AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.