Dropbox Inc (DBX)

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	2,501,200	2,468,800	2,433,900	2,382,200	2,335,500	2,303,700	2,255,600	2,216,900	2,163,200	2,076,300	2,014,200	1,949,500	1,922,000	1,858,000	1,793,900	1,723,900	1,622,000	1,587,000	1,520,200	1,459,100
Receivables	US$ in thousands	75,600	64,100	60,300	57,600	60,300	49,700	46,700	44,600	53,700	40,900	52,200	50,500	46,100	49,600	45,600	36,900	44,100	52,400	41,000	44,400
Receivables turnover		33.08	38.51	40.36	41.36	38.73	46.35	48.30	49.71	40.28	50.77	38.59	38.60	41.69	37.46	39.34	46.72	36.78	30.29	37.08	32.86

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,501,200K ÷ $75,600K
= 33.08

Dropbox Inc's receivables turnover has been decreasing over the past eight quarters, indicating a lengthening of the time it takes for the company to collect its accounts receivable. This could suggest potential issues with the company's credit policies, collection procedures, or the creditworthiness of its customers. A lower receivables turnover may also signal a decline in sales or a slower pace of business activity. It is essential for Dropbox Inc to closely monitor this trend and take appropriate actions to manage its receivables effectively and efficiently.