ExlService Holdings Inc (EXLS)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,836,094 | 1,765,979 | 1,701,554 | 1,655,232 | 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 |
| Receivables | US$ in thousands | 304,322 | 340,904 | 327,613 | 335,523 | 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 |
| Receivables turnover | 6.03 | 5.18 | 5.19 | 4.93 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,836,094K ÷ $304,322K
= 6.03
ExlService Holdings Inc's receivables turnover has experienced fluctuations over the period under review. The ratio has ranged from a low of 4.50 in December 2020 to a high of 6.20 in September 2020. Generally, a higher receivables turnover indicates that the company is more efficient in collecting its accounts receivable.
The ratio peaked in September 2020 at 6.20 and then gradually declined to 4.84 by September 2022. However, there was a slight improvement in the ratio in the following periods, reaching 5.18 by September 2024.
The overall trend indicates that ExlService Holdings Inc has been able to effectively manage its accounts receivable, although there have been some fluctuations in the turnover ratio over the period. Further monitoring of the receivables turnover ratio will be essential to assess the company's continued efficiency in collecting receivables.
Peer comparison
Dec 31, 2024