A10 Network (ATEN)

Receivables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	213,915	221,580	233,109
Receivables	US$ in thousands	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	45,397	45,251	44,802
Receivables turnover		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	4.71	4.90	5.20

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $251,700K ÷ $74,307K
= 3.39

A10 Networks Inc's receivables turnover ratio has fluctuated over the past eight quarters. The receivables turnover ratio indicates the efficiency of the company in collecting outstanding receivables from its customers during a specific period. A higher receivables turnover ratio generally suggests that the company is efficient in collecting payments from its customers.

In Q1 2022, the company had the highest receivables turnover ratio of 5.23, indicating that A10 Networks Inc collected its accounts receivable over five times during that quarter. This high ratio might imply efficient collections or tight credit policies.

In the following quarters, the receivables turnover ratio fluctuated, showing some degree of inconsistency in the company's collection efficiency. However, the ratios remained above 3.00, which indicates that the company was generally able to collect its outstanding receivables at least three times or more during each quarter.

Overall, A10 Networks Inc's receivables turnover ratio analysis suggests that the company has maintained a relatively efficient collection process despite some fluctuations in recent quarters. Further analysis of the company's credit policies and collection practices may provide additional insights into these variations.