Envestnet Inc (ENV)

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	1,220,482	1,203,270	1,195,211	1,204,198	1,228,321	1,249,802	1,246,160	1,216,033	1,170,413	1,115,334	1,059,684	1,001,841	967,838	946,654	929,058	926,833	882,732	865,270	842,861	819,532
Receivables	US$ in thousands	124,999	117,428	123,696	122,704	104,211	101,094	82,878	90,937	96,601	120,149	83,965	82,380	81,748	76,328	74,871	81,133	69,734	64,402	71,632	66,365
Receivables turnover		9.76	10.25	9.66	9.81	11.79	12.36	15.04	13.37	12.12	9.28	12.62	12.16	11.84	12.40	12.41	11.42	12.66	13.44	11.77	12.35

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,220,482K ÷ $124,999K
= 9.76

The receivables turnover ratio for Envestnet Inc. has been fluctuating over the past eight quarters. It decreased from 13.06 in Q1 2022 to 9.49 in Q1 2023, indicating the company took longer to collect its accounts receivable in the first quarter of 2023 compared to the first quarter of 2022.

However, there was a slight increase in Q2 2023 to 9.38, followed by another increase to 10.04 in Q3 2023. This suggests that the company improved its efficiency in collecting accounts receivable during these quarters.

In Q4 2023, the receivables turnover ratio further increased to 9.25, which indicates the company's ability to collect its outstanding receivables at a faster rate compared to the previous quarter. Overall, Envestnet Inc. should continue to monitor its receivables turnover ratio to ensure efficient management of its accounts receivable and maintaining healthy cash flow.