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