Dynatrace Holdings LLC (DT)

Receivables turnover

		Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,470,114	1,392,717	1,314,472	1,233,589	1,160,830	1,098,940	1,042,450	989,478	931,945	875,864	818,209	761,041	707,409	665,482	624,869	584,561	550,403
Receivables	US$ in thousands	613,578	361,653	262,733	238,275	446,064	304,411	185,728	191,836	391,389	264,293	149,801	134,003	283,954	210,845	154,472	136,858	204,547	170,400	89,502	86,366
Receivables turnover		2.40	3.85	5.00	5.18	2.60	3.61	5.61	5.16	2.38	3.31	5.46	5.68	2.49	3.16	4.05	4.27	2.69

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,470,114K ÷ $613,578K
= 2.40

The receivables turnover ratio for Dynatrace Holdings LLC has fluctuated over the past seven quarters, ranging from 2.38 to 5.68. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers. A higher turnover ratio suggests that the company is collecting its accounts receivable more quickly.

In the most recent quarter, the receivables turnover ratio was 2.40, which is lower compared to the previous quarter but still higher than the ratio reported in the first quarter of the same year. This decrease may be a concern as it indicates a potential slowdown in the collection of accounts receivable, which could impact the company's liquidity and cash flow.

On the other hand, over the past seven quarters, the company has demonstrated a generally improving trend in its receivables turnover ratio, indicating that Dynatrace Holdings LLC has been more effective in managing its accounts receivable and converting them into cash. This trend suggests improved efficiency in collecting payments from customers, which is a positive sign for the company's financial health.

Overall, while the recent decrease in the receivables turnover ratio may warrant further investigation, the long-term trend of improving turnover ratios is a positive indicator of Dynatrace Holdings LLC's ability to efficiently manage its accounts receivable.