Bill Com Holdings Inc (BILL)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,337,410 | 1,043,850 | 633,252 | 210,162 | 157,371 |
| Receivables | US$ in thousands | 44,749 | 42,233 | 35,445 | 18,222 | 4,252 |
| Receivables turnover | 29.89 | 24.72 | 17.87 | 11.53 | 37.01 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,337,410K ÷ $44,749K
= 29.89
The receivables turnover ratio for Bill Com Holdings Inc has shown fluctuations over the past years. In June 2020, the ratio was relatively high at 37.01 times, indicating that the company was able to collect outstanding receivables 37.01 times during that year. However, by June 2021, the ratio decreased to 11.53 times, suggesting a decrease in the efficiency of collecting receivables.
Subsequently, in June 2022, the receivables turnover ratio improved to 17.87 times, indicating a better collection efficiency compared to the previous year. This trend continued in June 2023, with a further increase in the ratio to 24.72 times, demonstrating an even more efficient collection of receivables.
As of June 30, 2024, the receivables turnover ratio further improved to 29.89 times, reflecting a significant enhancement in the company's ability to collect outstanding receivables promptly. Overall, the fluctuation in the receivables turnover ratio suggests varying levels of efficiency in collecting receivables over the observed period, with recent years showing improvements in collection efficiency.
Peer comparison
Jun 30, 2024