CSIMarket
 


Ciena Corp  (CIEN)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 

Ciena Accounts Receivables Turnover Ratio from the first quarter 2024 to the first quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Ciena Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2024 to a ratio of 4.48, above the company average. This is a clear sign of healthy business climate in the Consumer Electronics industry and improving liquidity at their respective customers, during the first quarter 2024. Average receivable collection period, for the Ciena in Jan 27 2024 quarter, has decreased to 81 days, compared to 85 days, in the Oct 28 2023 quarter.

If we take a look into Technology sector 109 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 768, from overall ranking in the forth quarter 2023 at 1355.

What is Receivable Turnover Ratio?
What is Ciena Corp Selling?


What is Receivable Turnover Ratio?




CIEN Receivables Turnover Ratio (Jan 27 2024)
I. Quarter
(Oct 28 2023)
IV. Quarter
(Jul 29 2023)
III. Quarter
(Apr 29 2023)
II. Quarter
(Jan 28 2023)
I. Quarter
Y / Y Receivable Change -17.98 % 9.03 % 24.29 % 33.78 % 32.65 %
Y / Y Revenue Change -1.78 % 16.32 % 23.03 % 19.32 % 25.11 %
Receivable Turnover Ratio (TTM) 4.48 4.29 4.22 4.22 4.33
CIEN's Total Ranking # 768 # 1355 # 1315 # 1416 # 1438
Average receivable collection period 82 85 87 86 84
Seq. Receivable Change -13.81 % 0.65 % -3.79 % -1.73 % 14.57 %
Seq. Revenue Change -8.13 % 5.77 % -5.72 % 7.21 % 8.81 %


Receivable Turnover Company Ranking
Within: No.
Consumer Electronics Industry # 10
Technology Sector # 110
Overall Market # 768

Receivable Turnover Ratio Statistics
High Average Low
1.34 0.77 0.19
(Sep. 30, 2015)   (July 31. 2005)






Financial Statements
Ciena's Accounts Receivable $ 865 Millions Visit CIEN's Balance sheet
Ciena's Sales TTM $ 4,368 Millions Visit CIEN's Income Statement
Where are CIEN's Sales coming from? Visit CIEN's Sales by Geography

Other Accounts Receivable Turnover Ratios
Consumer Electronics Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CIEN's Receivable Turnover Ratio versus Consumer Electronics Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for CIEN's Competitors
Receivables Turnover Ratio for CIEN's Suppliers
Accounts Receivables Turnover Ratio for CIEN's Customers

You may also want to know
CIEN's Growth Rates CIEN's Roa CIEN's Inventory Turnover Ratio CIEN's Dividend Comparisons
CIEN's Profitability Ratios CIEN's Roi CIEN's Asset Turnover Ratio CIEN's Dividend Growth
CIEN's Valuation Ratios CIEN's Roe CIEN's Financial Strength Ratios CIEN's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jan 27 2024, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Jan 27 2024 Receivable at quarter ending Jan 27 2024
Soundhound Ai Inc   13.47 $ 45.873  Millions$ 3.405  Millions
Nxp Semiconductors N v   13.42 $ 13,276.000  Millions$ 989.250  Millions
Hp inc   12.83 $ 53,075.000  Millions$ 4,136.250  Millions
Consensus Cloud Solutions Inc   12.43 $ 362.243  Millions$ 29.132  Millions
Baidu Inc   12.41 $ 18,958.000  Millions$ 1,528.000  Millions
Shutterstock inc   12.21 $ 874.587  Millions$ 71.641  Millions
Block Inc   12.09 $ 21,915.623  Millions$ 1,813.434  Millions
Match Group Inc   12.06 $ 3,364.504  Millions$ 278.979  Millions
Gopro Inc   11.89 $ 1,005.459  Millions$ 84.559  Millions
Digitalocean Holdings Inc   11.80 $ 691.917  Millions$ 58.618  Millions
Golden Matrix Group Inc   11.73 $ 45.240  Millions$ 3.856  Millions
8x8 Inc   11.68 $ 733.821  Millions$ 62.841  Millions
Gan Limited  11.60 $ 129.419  Millions$ 11.153  Millions
Premier Inc   11.56 $ 1,314.655  Millions$ 113.752  Millions
Ubiquiti Inc   11.47 $ 1,875.599  Millions$ 163.556  Millions
Broadcom Inc   11.05 $ 38,865.000  Millions$ 3,517.000  Millions
Thomson Reuters Corporation  10.99 $ 6,794.000  Millions$ 618.000  Millions
Where Food Comes From Inc   10.97 $ 25.284  Millions$ 2.304  Millions
Kyndryl Holdings Inc  10.39 $ 16,458.000  Millions$ 1,583.500  Millions
Adobe Inc   10.27 $ 19,409.000  Millions$ 1,890.250  Millions
Meta Platforms Inc   10.25 $ 134,902.000  Millions$ 13,167.000  Millions
Optex Systems Holdings Inc   10.21 $ 28.586  Millions$ 2.800  Millions
Playstudios Inc   10.20 $ 313.482  Millions$ 30.735  Millions
Qualcomm Inc  10.20 $ 36,292.000  Millions$ 3,559.250  Millions
Expensify Inc   10.16 $ 149.799  Millions$ 14.742  Millions
Stmicroelectronics N v   9.99 $ 17,286.000  Millions$ 1,731.000  Millions
Seagate Technology Holdings Plc  9.93 $ 6,471.000  Millions$ 651.750  Millions
Five9 Inc   9.88 $ 909.798  Millions$ 92.102  Millions
Silicon Laboratories inc   9.85 $ 781.586  Millions$ 79.347  Millions
Electronic Arts Inc   9.83 $ 7,657.000  Millions$ 778.750  Millions

Date modified: 2024-03-08T14:42:17+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com