Dropbox Inc (DBX)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,499,000	2,333,500	2,161,100	1,914,900	1,660,000
Receivables	US$ in thousands	75,600	60,300	53,700	46,100	44,100
Receivables turnover		33.06	38.70	40.24	41.54	37.64

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,499,000K ÷ $75,600K
= 33.06

Dropbox Inc's receivables turnover has shown a declining trend over the past five years, decreasing from 45.27 in 2019 to 36.41 in 2023. This indicates that the company is taking longer to convert its accounts receivable into cash. A lower receivables turnover ratio can suggest issues with collecting payments from customers efficiently, potential credit risks, or changes in the company's sales policies. Further analysis of the reasons behind this downward trend is recommended to determine the effectiveness of Dropbox Inc's accounts receivable management and collection processes.