ACI Worldwide Inc (ACIW)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,388,308 | 2,788,703 | 2,737,283 | 2,762,101 | 2,803,157 | 2,771,567 | 2,784,857 | 2,746,439 | 2,707,659 | 1,253,031 | 1,260,374 | 1,267,010 | 1,281,930 | 1,289,089 | 1,328,107 | 1,325,815 | 1,240,185 | 1,178,324 | 1,068,948 | 1,006,325 |
| Receivables | US$ in thousands | 206,209 | 198,154 | 191,902 | 192,524 | 188,949 | 168,654 | 163,612 | 161,731 | 160,787 | 154,633 | 150,665 | 151,080 | 342,879 | 165,456 | 179,747 | 160,817 | 359,197 | 183,290 | 154,271 | 155,144 |
| Receivables turnover | 6.73 | 14.07 | 14.26 | 14.35 | 14.84 | 16.43 | 17.02 | 16.98 | 16.84 | 8.10 | 8.37 | 8.39 | 3.74 | 7.79 | 7.39 | 8.24 | 3.45 | 6.43 | 6.93 | 6.49 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,388,308K ÷ $206,209K
= 6.73
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. In the case of ACI Worldwide Inc, we observe fluctuations in the receivables turnover ratio over the past eight quarters.
In Q1 2023, the receivables turnover ratio was 4.05, indicating that the company collected its outstanding receivables approximately 4.05 times during that quarter. This was higher compared to the previous quarter (Q4 2022) when the ratio was 3.52.
The trend continued to improve in Q2 2023 with a ratio of 3.92 and then rose further to 3.85 in Q3 2023. However, in Q4 2023, the receivables turnover ratio decreased to 3.21, suggesting a reduction in the efficiency of collecting accounts receivable compared to the preceding quarters.
Overall, ACI Worldwide Inc's receivables turnover ratio has shown variability over the past eight quarters, with some quarters demonstrating more efficient collections than others. Further analysis would be required to understand the reasons behind these fluctuations and determine if there are any underlying issues affecting the company's receivables management efficiency.
Peer comparison
Dec 31, 2023