Duolingo Inc (DUOL)
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 583,001 | 531,109 | 483,948 | 442,389 | 403,936 | 369,495 | 338,685 | 306,215 | 276,632 | |||
Receivables | US$ in thousands | 76,421 | 88,975 | 61,711 | 53,406 | 52,509 | 46,728 | 30,197 | 28,209 | 28,573 | 33,163 | 20,737 | 25,129 |
Receivables turnover | 7.63 | 5.97 | 7.84 | 8.28 | 7.69 | 7.91 | 11.22 | 10.86 | 9.68 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $583,001K ÷ $76,421K
= 7.63
The receivables turnover ratio for Duolingo Inc has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is able to collect on its outstanding receivables during a specific period.
In March 2022, the receivables turnover ratio was 9.68, suggesting that on average, Duolingo collected its outstanding receivables approximately 10 times during that period. This was followed by a significant increase in the ratio to 11.22 in September 2022, indicating an improvement in the company's ability to collect on its receivables.
However, in the subsequent quarters, the receivables turnover ratio decreased to 7.91 in December 2022 and further to 7.69 in March 2023. This may raise concerns about the efficiency of Duolingo's accounts receivable management during that period.
The ratio then increased to 8.28 in June 2023 and 7.84 in September 2023, suggesting some improvement in collecting receivables. In December 2023, the ratio dropped to 5.97, indicating a potential slowdown in receivables turnover.
The most recent data for March 31, 2024, shows a receivables turnover of 7.63, which is slightly lower than the previous quarters but still within a reasonable range. Overall, fluctuations in the receivables turnover ratio for Duolingo Inc suggest varying effectiveness in managing and collecting outstanding receivables during the analyzed period.
Peer comparison
Mar 31, 2024