A10 Network (ATEN)

Receivables turnover

		Dec 31, 2024	Sep 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	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	270,297	255,634	255,392	251,700	262,318	275,268	276,946	280,441	273,478	266,347	257,358	250,042	242,026	233,274	226,605	225,526	223,187	219,382	216,035	212,406
Receivables	US$ in thousands	76,687	64,949	55,906	74,307	59,070	69,171	67,007	72,928	73,500	67,908	49,282	61,795	46,784	50,219	51,449	51,051	42,803	45,895	42,862	53,566
Receivables turnover		3.52	3.94	4.57	3.39	4.44	3.98	4.13	3.85	3.72	3.92	5.22	4.05	5.17	4.65	4.40	4.42	5.21	4.78	5.04	3.97

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $270,297K ÷ $76,687K
= 3.52

The receivables turnover ratio for A10 Network has fluctuated over the period from December 31, 2019, to December 31, 2024. The ratio indicates how many times, on average, receivables are collected during a specific period.

From the data provided:

- The ratio ranged from a low of 3.39 on December 31, 2023, to a high of 5.22 on March 31, 2022.
- The average receivables turnover ratio for the period was approximately 4.35, indicating that, on average, A10 Network was able to collect its receivables about 4.35 times per year.
- A higher receivables turnover ratio is generally preferred as it implies that the company is collecting its outstanding receivables more quickly, which is a sign of efficient credit management.
- However, the fluctuation in the ratio over the period may indicate varying effectiveness in managing receivables, potentially influenced by factors such as economic conditions, credit policies, or customer payment behavior.

Overall, a thorough analysis of the trend in A10 Network's receivables turnover ratio can provide insights into the company's efficiency in collecting outstanding receivables and managing liquidity. Additional context and comparison with industry benchmarks may be necessary to fully assess the company's performance in this area.