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.