Bill Com Holdings Inc (BILL)

Receivables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,462,570	1,290,170	1,058,470	641,959	238,265
Receivables	US$ in thousands	717,449	725,265	486,883	280,437	165,315
Receivables turnover		2.04	1.78	2.17	2.29	1.44

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,462,570K ÷ $717,449K
= 2.04

The receivables turnover ratio for Bill Com Holdings Inc. demonstrates fluctuations over the observed period from June 30, 2021, to June 30, 2025.

In fiscal year 2021, the ratio was 1.44, indicating that receivables were converted into cash approximately 1.44 times during the year. This relatively low turnover suggests a lengthier collection period or potential challenges in receivables collection at that time.

By fiscal year 2022, the receivables turnover increased significantly to 2.29, reflecting an improvement in the efficiency of receivables collection activities. This suggests that receivables were being converted into cash more than twice during the year, indicating enhanced credit and collection practices.

In fiscal year 2023, the ratio slightly declined to 2.17 from the previous year's high, but remained considerably higher than 2021 levels. This suggests a modest slowdown in receivables collection efficiency, yet the company continued to collect cash at a relatively improved rate compared to earlier periods.

The ratio then decreased further to 1.78 in fiscal year 2024, implying a deterioration in receivables management or an increase in credit extended to customers, leading to longer collection periods.

By fiscal year 2025, the receivables turnover slightly rebounded to 2.04, indicating a partial recovery in collection efficiency but not reaching the levels observed in FY2022 or FY2023. Overall, the trend depicts variability in receivables management, with periods of improvement and decline, and a general inclination towards slower collections in the most recent fiscal year.

This pattern suggests that while the company experienced notable enhancements in receivables collection efficiency following FY2021, recent years have been characterized by challenges in maintaining those efficiencies, potentially impacting cash flow and working capital management.