Equifax Inc (EFX)

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	5,020,200	4,899,200	4,840,100	4,858,300	4,937,400	5,007,900	4,998,600	4,923,400	4,775,900	4,682,300	4,525,300	4,271,600	4,022,800	3,810,100	3,626,900	3,533,100	3,425,300	3,354,800	3,314,600	3,312,700
Receivables	US$ in thousands	908,200	967,900	935,900	919,500	857,700	845,000	892,900	856,800	727,600	694,600	694,000	708,800	630,600	605,900	592,500	605,500	532,100	516,600	502,600	514,000
Receivables turnover		5.53	5.06	5.17	5.28	5.76	5.93	5.60	5.75	6.56	6.74	6.52	6.03	6.38	6.29	6.12	5.84	6.44	6.49	6.59	6.44

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,020,200K ÷ $908,200K
= 5.53

Equifax, Inc.'s receivables turnover ratio has been relatively stable over the past eight quarters, ranging between 5.31 and 6.13. This ratio measures the company's efficiency in collecting outstanding receivables during a specific period.

A higher receivables turnover ratio indicates that Equifax is collecting its accounts receivable more frequently within the given period. The decreasing trend over the last two quarters may suggest a potential slowdown in the collections process.

Overall, the company's average receivables turnover ratio of approximately 5.69 indicates that Equifax is efficient in managing its accounts receivable, converting them into cash or sales quickly. However, management should continue to monitor this ratio to ensure timely collection of outstanding receivables and efficient working capital management.