Aspen Technology Inc (AZPN)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,127,482 | 1,105,220 | 1,056,992 | 1,042,667 | 1,044,178 | 1,537,315 | 1,307,437 | |||
| Receivables | US$ in thousands | 115,533 | 209,566 | 129,837 | 87,977 | 122,789 | 115,362 | 155,845 | 111,913 | 127,968 | — |
| Receivables turnover | 9.76 | 5.27 | 8.14 | 11.85 | 8.50 | 13.33 | 8.39 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,127,482K ÷ $115,533K
= 9.76
Aspen Technology Inc's receivables turnover ratio has exhibited volatility in recent periods, ranging from a low of 5.27 in March 2024 to a high of 13.33 in March 2023. The receivables turnover ratio measures how efficiently the company manages its accounts receivable by converting them into cash.
A higher receivables turnover ratio indicates that Aspen is collecting its outstanding receivables more quickly. The significant increase in the receivables turnover ratio from prior periods, such as from 5.27 in March 2024 to 9.76 in June 2024, suggests an improvement in the company's collection efficiency.
Despite fluctuations, the overall trend of the receivables turnover ratio for Aspen Technology Inc appears to be positive, reflecting effective management of its accounts receivable and a potentially healthy cash flow position. Monitoring the trend of this ratio over time can provide insights into the company's liquidity and credit management practices.
Peer comparison
Jun 30, 2024