Autodesk Inc (ADSK)
Receivables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,497,000 | 5,005,000 | 4,386,000 | 3,790,000 | 3,274,300 |
| Receivables | US$ in thousands | 876,000 | 961,000 | 716,100 | 643,100 | 652,300 |
| Receivables turnover | 6.28 | 5.21 | 6.12 | 5.89 | 5.02 |
January 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,497,000K ÷ $876,000K
= 6.28
Autodesk Inc's receivables turnover has shown a generally increasing trend over the past five years. The receivables turnover ratio indicates that the company collected its outstanding receivables 6.28 times during the fiscal year ending January 31, 2024, compared to 5.21 times in the previous year. This suggests that Autodesk is becoming more efficient in collecting payments from customers. The improvement in the receivables turnover ratio could indicate effective credit management practices or a more streamlined invoicing and collections process. Overall, the increasing receivables turnover reflects positively on Autodesk's liquidity and operational efficiency.
Peer comparison
Jan 31, 2024