A10 Network (ATEN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 261,696 | 251,700 | 280,338 | 250,042 | 225,526 |
| Receivables | US$ in thousands | 76,687 | 74,307 | 72,928 | 61,795 | 51,051 |
| Receivables turnover | 3.41 | 3.39 | 3.84 | 4.05 | 4.42 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $261,696K ÷ $76,687K
= 3.41
The receivables turnover ratio for A10 Network has shown a decreasing trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio decreased from 4.42 in 2020 to 3.41 in 2024. This trend indicates that the company is taking longer to collect its accounts receivable, which may suggest potential issues with its credit policies, billing practices, or collection efficiency. A declining receivables turnover ratio could also signal deteriorating customer creditworthiness or potential liquidity concerns. Management should closely monitor this ratio and take appropriate actions to improve the efficiency of accounts receivable collection processes.
Peer comparison
Dec 31, 2024