PC Connection Inc (CNXN)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 | 2,820,232 | 2,813,125 | 2,742,333 | 2,707,827 |
| Receivables | US$ in thousands | 664,035 | 594,985 | 601,679 | 621,844 | 667,776 | 646,656 | 643,953 | 634,142 | 655,143 | 585,380 | 581,656 | 554,696 | 677,641 | 588,960 | 446,716 | 486,704 | 606,199 | 478,907 | 500,968 | 433,948 |
| Receivables turnover | 4.29 | 4.85 | 4.93 | 4.93 | 4.68 | 4.94 | 4.92 | 4.80 | 4.42 | 4.73 | 4.59 | 4.53 | 3.82 | 4.47 | 6.06 | 5.96 | 4.65 | 5.87 | 5.47 | 6.24 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,850,161K ÷ $664,035K
= 4.29
PC Connection, Inc.'s receivables turnover has been relatively stable over the past eight quarters, ranging from 4.66 to 5.12. A higher turnover ratio indicates that the company is collecting its accounts receivable more efficiently. The consistency in the range of values suggests that PC Connection, Inc. has been successful in managing its credit sales and collecting payments from customers in a timely manner. However, it would be beneficial for the company to further analyze the reasons behind the slight fluctuations in the turnover ratio to ensure the sustainability of its efficient receivables management practices.
Peer comparison
Dec 31, 2023