CSG Systems International Inc (CSGS)
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 | 1,169,541 | 1,161,418 | 1,147,858 | 1,123,699 | 1,089,401 | 1,074,926 | 1,064,033 | 1,056,215 | 1,044,162 | 1,029,599 | 1,011,292 | 997,263 | 990,533 | 984,793 | 992,099 | 997,634 | 996,810 | 989,330 | 950,971 | 918,148 |
| Receivables | US$ in thousands | 351,188 | 361,265 | 338,590 | 331,272 | 328,289 | 313,045 | 302,573 | 289,364 | 286,533 | 285,148 | 274,981 | 290,235 | 266,575 | 265,435 | 287,870 | 301,705 | 281,805 | 284,271 | 312,276 | 288,529 |
| Receivables turnover | 3.33 | 3.21 | 3.39 | 3.39 | 3.32 | 3.43 | 3.52 | 3.65 | 3.64 | 3.61 | 3.68 | 3.44 | 3.72 | 3.71 | 3.45 | 3.31 | 3.54 | 3.48 | 3.05 | 3.18 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,169,541K ÷ $351,188K
= 3.33
The receivables turnover ratio for CSG Systems International Inc. has been relatively stable over the past eight quarters, ranging from 3.22 to 3.66. This indicates that, on average, the company is able to collect its accounts receivable approximately 3.3 to 3.7 times within a year, which suggests a moderate efficiency in collecting outstanding customer balances.
A consistent receivables turnover ratio typically reflects effective credit policies and efficient collection processes, ensuring a steady flow of cash inflows from sales. However, a declining trend in the turnover ratio could indicate potential issues with credit management or difficulties in collecting receivables, while a significant increase may suggest a tightening of credit policies that could impact sales growth.
Overall, the stability of CSG Systems International Inc.'s receivables turnover ratio suggests that the company has been managing its accounts receivable efficiently, although further analysis of trends and industry comparisons would provide a more comprehensive understanding of its receivables management performance.
Peer comparison
Dec 31, 2023