Certara Inc (CERT)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 330,662 | 333,169 | 332,975 | 327,074 | 320,407 | 309,191 | 300,367 | 285,250 | 269,717 | |||
| Receivables | US$ in thousands | 84,857 | 76,553 | 83,952 | 82,404 | 82,584 | 74,806 | 73,873 | 72,719 | 69,555 | 62,859 | 56,586 | 54,402 |
| Receivables turnover | 3.90 | 4.35 | 3.97 | 3.97 | 3.88 | 4.13 | 4.07 | 3.92 | 3.88 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $330,662K ÷ $84,857K
= 3.90
The receivables turnover ratio for Certara Inc has shown variability over the past eight quarters, ranging from 3.87 to 4.50. In Q3 2023, the ratio was at its highest levels at 4.50, indicating that Certara was able to convert its accounts receivable into cash quickly during that period. However, this ratio decreased slightly in Q4 2023 to 4.02, signifying a slight slowdown in the collection of receivables compared to the previous quarter. Overall, the average receivables turnover ratio for Certara over the past eight quarters is 4.17, suggesting that the company has been effective in collecting outstanding receivables in a timely manner. A consistent or increasing trend in this ratio indicates efficient management of accounts receivable and effective credit policies.
Peer comparison
Dec 31, 2023