ANGI Homeservices Inc (ANGI)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,125,635 | 1,185,112 | 1,217,676 | 1,292,794 | 1,352,728 | 1,439,745 | 1,580,858 | 1,707,057 | 1,847,771 | 1,891,523 | 1,865,833 | 1,829,362 | 1,734,568 | 1,685,438 | 1,628,883 | 1,557,231 | 1,511,304 | 1,467,925 | 1,430,132 | 1,397,577 |
| Receivables | US$ in thousands | 40,475 | 36,670 | 52,402 | 66,325 | 60,810 | 86,027 | 77,269 | 78,484 | 92,303 | 71,967 | 102,947 | 119,768 | 100,043 | 84,387 | 98,538 | 62,052 | 56,915 | 43,148 | 51,721 | 49,760 |
| Receivables turnover | 27.81 | 32.32 | 23.24 | 19.49 | 22.25 | 16.74 | 20.46 | 21.75 | 20.02 | 26.28 | 18.12 | 15.27 | 17.34 | 19.97 | 16.53 | 25.10 | 26.55 | 34.02 | 27.65 | 28.09 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,125,635K ÷ $40,475K
= 27.81
The receivables turnover ratio of ANGI Homeservices Inc. exhibits notable fluctuations over the observed period, reflecting variations in the company's efficiency in collecting outstanding receivables. Starting from approximately 28.09 as of June 30, 2020, the ratio remained relatively stable during the subsequent quarters, with a slight decrease to around 27.65 by September 30, 2020. This indicates a consistent collection cycle in the early period.
In the fiscal year ending December 31, 2020, the ratio increased to 34.02, suggesting an improvement in receivables collection efficiency, potentially attributable to stronger revenue management or customer payment behaviors. However, a decline is observed in the subsequent quarters, dropping to about 25.10 by June 30, 2021, and further decreasing to 16.53 by September 30, 2021. The latter decrease signals a slowdown in receivables collection, which could be caused by extended credit terms, downturns in business activities, or changes in customer creditworthiness.
During the year 2022, the ratio exhibits some recovery, reaching 26.28 at the end of December 2022 and fluctuating modestly within the 17.34 to 21.75 range over the following quarters. The ratio's upward trend toward the end of 2024, peaking at 32.32 in December 2024, indicates a renewed efficiency in receivables management or increased cash collection efficiency.
Throughout the period analyzed, the overall pattern reflects periods of both improvement and deterioration in receivables turnover. These fluctuations could be influenced by changes in credit policies, customer base, economic conditions, or internal collection strategies. A higher receivables turnover ratio generally suggests more effective collection efforts and shorter credit periods, whereas lower ratios indicate slower collections and potential liquidity considerations.
Peer comparison
Mar 31, 2025