ANGI Homeservices Inc (ANGI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Receivables | US$ in thousands | 36,670 | 51,100 | 71,967 | 84,387 | 43,148 |
| Receivables turnover | 32.32 | 26.59 | 26.28 | 19.97 | 34.02 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,185,110K ÷ $36,670K
= 32.32
The receivables turnover ratio of ANGI Homeservices Inc over the period from December 31, 2020, to December 31, 2024, demonstrates fluctuations indicative of changing collection efficiency and credit management practices.
In 2020, the receivables turnover stood at 34.02, implying that the company collected its average accounts receivable approximately 34 times during the year, reflecting highly efficient receivables management. However, this ratio declined significantly in 2021 to 19.97, indicating a slowdown in receivables collection and suggesting potential issues with credit terms or customer payment behavior during that period.
Subsequently, the ratio increased to 26.28 in 2022, representing an improvement in collections but still below the 2020 level. The ratio remained relatively stable into 2023 at 26.59, marginally higher than the previous year, which suggests a stabilization of collection efficiency following the decline observed in 2021.
By 2024, the receivables turnover rose again to 32.32, approaching the 2020 high, suggesting a notable improvement in receivables collection efficiency. The upward trend towards 2024 indicates that the company has been able to optimize its receivables management, though it has not yet returned to the peak levels experienced before 2021.
Overall, the pattern of receivables turnover ratios reflects periods of difficulty in collection followed by recovery phases, with the most recent data indicating a positive trajectory towards more efficient receivables management. This dynamic could be associated with strategic adjustments, changes in credit policies, or operational improvements within the company's collection processes.
Peer comparison
Dec 31, 2024