Akamai Technologies Inc (AKAM)
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 | 3,826,238 | 3,733,857 | 3,652,471 | 3,620,307 | 3,608,242 | 3,585,821 | 3,548,899 | 3,483,286 | 3,407,208 | 3,348,137 | 3,281,469 | 3,224,148 | 3,146,371 | 3,072,207 | 2,995,310 | 2,915,391 | 2,862,686 | 2,803,926 | 2,760,364 | 2,716,372 |
| Receivables | US$ in thousands | 724,302 | 713,382 | 698,445 | 705,817 | 679,206 | 622,027 | 668,425 | 718,793 | 675,926 | 660,092 | 656,609 | 666,536 | 660,052 | 630,406 | 644,659 | 613,809 | 551,943 | 516,657 | 523,382 | 529,346 |
| Receivables turnover | 5.28 | 5.23 | 5.23 | 5.13 | 5.31 | 5.76 | 5.31 | 4.85 | 5.04 | 5.07 | 5.00 | 4.84 | 4.77 | 4.87 | 4.65 | 4.75 | 5.19 | 5.43 | 5.27 | 5.13 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,826,238K ÷ $724,302K
= 5.28
The receivables turnover for Akamai Technologies Inc has been relatively consistent over the past eight quarters, ranging from 4.90 to 5.78. This ratio indicates how efficiently the company is able to collect payments from its customers. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly, which is generally seen as a positive indicator of financial health.
In Akamai's case, the receivables turnover has been fairly stable, fluctuating within a narrow range. This suggests that the company has been consistent in its collection efforts and managing its accounts receivable effectively. However, it is important to note that a consistent receivables turnover ratio could also indicate that the company is not growing its sales or customer base significantly, as it reflects the relationship between sales and accounts receivable.
Overall, Akamai's receivables turnover ratio indicates that the company has been maintaining a good level of efficiency in collecting payments from its customers, which is a positive sign for its financial performance.
Peer comparison
Dec 31, 2023