Autodesk Inc (ADSK)

Receivables turnover

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Revenue (ttm)	US$ in thousands	5,645,000	5,497,000	5,346,000	5,212,000	5,104,000	5,005,000	4,898,000	4,744,000	4,567,000	4,386,000	4,214,100	4,040,500	3,893,600	3,790,300	3,650,500	3,540,800	3,424,500	3,274,300	3,112,300	2,930,500
Receivables	US$ in thousands	353,000	876,000	579,000	402,000	331,000	961,000	642,000	434,000	384,000	716,100	580,300	357,800	326,100	643,100	540,400	490,100	356,500	652,300	520,300	347,400
Receivables turnover		15.99	6.28	9.23	12.97	15.42	5.21	7.63	10.93	11.89	6.12	7.26	11.29	11.94	5.89	6.76	7.22	9.61	5.02	5.98	8.44

April 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,645,000K ÷ $353,000K
= 15.99

Over the past several quarters, Autodesk Inc has exhibited fluctuations in its receivables turnover ratio. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period.

Looking at the trend, the receivables turnover ratio of Autodesk Inc has generally been on an upward trajectory since October 2019, indicating an improvement in the speed at which the company is collecting its receivables.

However, there have been periods of decline in the receivables turnover ratio, such as in January 2020, January 2021, and January 2023. These declines may suggest a slowdown in the collection of accounts receivable during those periods.

Overall, the trend in the receivables turnover ratio suggests that Autodesk Inc has been successful in managing its accounts receivable efficiently, but there are certain periods where improvements could be made to enhance the collection process further.