A10 Network (ATEN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 251,700 | 280,338 | 250,042 | 225,526 | 212,391 |
| Receivables | US$ in thousands | 74,307 | 72,928 | 61,795 | 51,051 | 53,566 |
| Receivables turnover | 3.39 | 3.84 | 4.05 | 4.42 | 3.97 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $251,700K ÷ $74,307K
= 3.39
The receivables turnover of A10 Networks Inc has been fluctuating over the past five years. In 2023, the receivables turnover ratio decreased to 3.39 from 3.84 in 2022, indicating that the company's ability to collect outstanding receivables decreased during the year. However, the ratio was still higher compared to 2019 and 2020.
The trend of reducing receivables turnover could be a cause for concern as it implies that the company is taking longer to collect payment from its customers, which could potentially lead to cash flow issues or increased bad debts.
Further analysis and comparison with industry benchmarks would be necessary to determine the underlying reasons for the fluctuation in the receivables turnover ratio and to assess the overall effectiveness of A10 Networks Inc in managing its accounts receivable.
Peer comparison
Dec 31, 2023