CSG Systems International Inc (CSGS)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,170,020	1,091,100	1,044,030	990,533	996,810
Receivables	US$ in thousands	351,188	328,289	286,533	266,575	281,805
Receivables turnover		3.33	3.32	3.64	3.72	3.54

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,170,020K ÷ $351,188K
= 3.33

CSG Systems International Inc.'s receivables turnover ratio has shown a fluctuating trend over the past five years. The ratio stood at 3.33 in 2023, slightly higher than the 3.32 achieved in 2022. This indicates that the company collected its accounts receivable approximately 3.33 times during the year, implying a collection period of around 110 days. Compared to 2021 and 2020, where the receivables turnover was 3.65 and 3.72 respectively, the company took a longer time to collect its receivables in 2023. However, the 2023 turnover is still above the 2019 figure of 3.54, suggesting a more efficient collection process compared to that year. Further analysis of the underlying reasons for this fluctuation in receivables turnover could provide insights into the company's financial management and operational efficiency.