Bill Com Holdings Inc (BILL)

Receivables turnover

		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	1,439,779	1,355,107	1,301,692	1,223,809	1,174,032	1,116,878	1,043,850	950,074	846,224	743,769	631,307	499,570	382,756	278,740	210,162	186,256	179,613	168,555
Receivables	US$ in thousands	28,911	31,934	44,749	29,891	26,652	24,100	42,233	34,065	31,261	29,060	35,445	26,859	24,433	19,815	18,222	9,584	7,037	5,042
Receivables turnover		49.80	42.43	29.09	40.94	44.05	46.34	24.72	27.89	27.07	25.59	17.81	18.60	15.67	14.07	11.53	19.43	25.52	33.43

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,439,779K ÷ $28,911K
= 49.80

The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments quickly, which is generally a positive indicator.

Analyzing Bill Com Holdings Inc's receivables turnover over the past few years shows fluctuations in the ratio. From September 30, 2020, to December 31, 2020, the ratio decreased from 33.43 to 25.52, indicating a slight decrease in the efficiency of collecting payments. This trend continued with a further decrease to 19.43 by March 31, 2021, suggesting potential issues with collecting receivables.

However, from June 30, 2021, to September 30, 2021, there was a significant improvement in the ratio, increasing to 14.07. This positive trend continued with further improvements in the ratio reaching 49.80 by December 31, 2024. The period between September 30, 2023, and December 31, 2024, showed a consistent increase in the efficiency of collecting payments from customers.

Overall, the analysis of Bill Com Holdings Inc's receivables turnover indicates periods of fluctuation in the efficiency of receivables collection, with notable improvements in recent years. It is important for the company to continue monitoring and managing its receivables effectively to ensure consistent cash flows and financial stability.