Certara Inc (CERT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 330,498 | 320,407 | 269,717 |
| Receivables | US$ in thousands | 84,857 | 82,584 | 69,555 |
| Receivables turnover | 3.89 | 3.88 | 3.88 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $330,498K ÷ $84,857K
= 3.89
The receivables turnover for Certara Inc has been relatively stable over the past four years, ranging from 3.85 to 4.02. This indicates that the company is able to efficiently convert its accounts receivable into cash. A higher receivables turnover ratio suggests that the company is able to collect outstanding payments from customers more quickly. Certara Inc's consistent receivables turnover ratio suggests effective management of its accounts receivable and a good credit policy that helps in timely collections. Overall, the trend in the receivables turnover ratio indicates a healthy liquidity position for Certara Inc.
Peer comparison
Dec 31, 2023