Bill Com Holdings Inc (BILL)

Receivables turnover

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Revenue (ttm) US$ in thousands 1,462,570 1,422,886 1,387,697 1,343,638 1,290,173 1,242,491 1,192,018 1,133,529 1,058,468 962,706 857,062 753,534 640,013 518,065 410,892 308,459 238,265 202,102 183,594 168,629
Receivables US$ in thousands 717,449 732,198 610,572 660,208 725,265 671,752 543,632 576,927 486,883 465,179 412,156 386,801 280,437 275,370 248,347 203,453 165,315 17,449 14,407 11,967
Receivables turnover 2.04 1.94 2.27 2.04 1.78 1.85 2.19 1.96 2.17 2.07 2.08 1.95 2.28 1.88 1.65 1.52 1.44 11.58 12.74 14.09

June 30, 2025 calculation

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

The receivables turnover ratio for Bill Com Holdings Inc exhibits notable fluctuations over the specified periods, reflecting changes in the company's efficiency in collecting accounts receivable.

From September 30, 2020, to December 31, 2020, the ratio decreased from 14.09 to 12.74, indicating a slight slowdown in receivables collection efficiency during this interval. This downward trend persisted into March 31, 2021, with the ratio declining further to 11.58, suggesting an increasing average collection period.

A significant decline in receivables turnover is observed between June 30, 2021, and September 30, 2021, where the ratio sharply dropped from 1.44 to 1.52; further, the ratio continued to decrease, reaching a low of approximately 1.44 during this period. This indicates that the company's collection effectiveness substantially diminished, leading to longer receivables collection cycles.

Subsequently, starting from December 31, 2021, the ratio exhibits an improving trend, rising gradually to 1.65 and subsequently to 1.88 by March 31, 2022. This suggests a recovery in collection efficiency. The ratio continued to improve, reaching 2.28 by June 30, 2022, and then saw slight fluctuations, settling around 1.95 to 2.08 through September 2022 and December 2022.

Between March 2023 and June 2023, the receivables turnover stabilized near 2.07 to 2.17, indicating a consistent collection performance. From September 2023 onward, the ratio showed minor fluctuations within the range of approximately 1.96 to 2.27, with a small decline observed at March 31, 2024, to 1.85, followed by an increase to 2.27 in December 2024. To date, the latest data from June 30, 2025, reflects a ratio of approximately 2.04, close to historical averages.

Overall, the trend demonstrates periods of deterioration in receivables management, notably around mid-2021, followed by gradual improvements and relative stabilization. The fluctuating ratios suggest ongoing adjustments in credit and collection policies, with recent ratios indicating a somewhat consistent collection cycle aligned with industry practices.