ExlService Holdings Inc (EXLS)

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	1,619,020	1,581,075	1,534,327	1,479,524	1,412,249	1,334,679	1,250,293	1,176,913	1,106,200	1,059,066	1,021,331	968,383	953,303	961,222	971,337	991,235	984,191	962,222	943,035	913,024
Receivables	US$ in thousands	308,108	303,378	288,305	290,512	259,222	275,951	238,098	239,944	195,124	192,791	182,564	159,506	211,799	155,132	157,849	187,137	245,784	179,702	180,680	176,889
Receivables turnover		5.25	5.21	5.32	5.09	5.45	4.84	5.25	4.90	5.67	5.49	5.59	6.07	4.50	6.20	6.15	5.30	4.00	5.35	5.22	5.16

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,619,020K ÷ $308,108K
= 5.25

ExlService Holdings Inc's receivables turnover ratio has exhibited some fluctuations over the past year. The company's receivables turnover ratio ranged from 4.69 to 5.14 during the eight quarters presented.

Overall, the average receivables turnover ratio for the company during this period was approximately 4.98. This indicates that, on average, ExlService Holdings Inc collected its accounts receivable nearly 5 times per year, which suggests that the company has been efficient in collecting payments from its customers.

Although there were some fluctuations in the ratio, the general trend shows relatively stable performance in managing accounts receivable turnover. It is important to monitor this ratio over time to ensure that the company is effectively managing its credit policies and collection process.

In conclusion, based on the data provided, ExlService Holdings Inc has demonstrated a reasonably consistent performance in terms of its receivables turnover ratio, indicating effective management of its accounts receivable.