DocuSign Inc (DOCU)
Receivables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,976,595 | 2,911,020 | 2,855,044 | 2,805,112 | 2,755,038 | 2,702,285 | 2,647,448 | 2,581,905 | 2,509,526 | 2,430,813 | 2,330,784 | 2,220,407 | 2,100,770 | 1,912,819 | 1,743,995 | 1,568,345 | 1,390,396 | 1,265,570 | 1,132,554 | 1,026,368 |
| Receivables | US$ in thousands | 429,582 | 300,444 | 309,885 | 306,152 | 439,299 | 360,456 | 414,740 | 408,632 | 516,914 | 422,612 | 339,528 | 300,872 | 440,950 | 305,599 | 284,730 | 250,365 | 323,570 | 261,085 | 224,502 | 220,602 |
| Receivables turnover | 6.93 | 9.69 | 9.21 | 9.16 | 6.27 | 7.50 | 6.38 | 6.32 | 4.85 | 5.75 | 6.86 | 7.38 | 4.76 | 6.26 | 6.13 | 6.26 | 4.30 | 4.85 | 5.04 | 4.65 |
January 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,976,595K ÷ $429,582K
= 6.93
The receivables turnover of DocuSign Inc has shown fluctuations over the past few years as indicated by the provided data. The trend in the receivables turnover ratio reflects the efficiency of the company in collecting outstanding receivables from customers.
At the start of the period in April 2020, the receivables turnover ratio was 4.65, which means the company collected its outstanding receivables approximately 4.65 times during that year.
The ratio improved to 6.26 by April 2021, indicating a more efficient collection process. This improvement was sustained through July 2021 and October 2021, with the ratio hovering around 6. However, by January 2022, the ratio dropped to 4.76, suggesting a slowdown in receivables collection efficiency.
The ratio increased again to 7.38 by April 2022, reaching its highest point in the provided data. This high ratio indicates that DocuSign Inc was collecting its receivables more frequently during that period.
Subsequently, the ratio fluctuated between 6 and 7 until January 2024 when it dropped to 6.27. However, by April 2024, the ratio surged to 9.16, signifying a significant improvement in the collection of outstanding receivables.
The trend continued positively, with ratios of 9.21 in July 2024 and 9.69 in October 2024, before declining slightly to 6.93 by January 2025. Overall, the trend in the receivables turnover ratio demonstrates fluctuations in the efficiency of DocuSign Inc in collecting its outstanding receivables over the analyzed period.
Peer comparison
Jan 31, 2025