Fair Isaac Corporation (FICO)

Receivables turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	1,417,230	1,310,010	1,376,250	1,294,560	1,160,080
Receivables	US$ in thousands	591,843	487,796	467,515	515,730	425,078
Receivables turnover		2.39	2.69	2.94	2.51	2.73

September 30, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,417,230K ÷ $591,843K
= 2.39

The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable. A higher turnover indicates better performance in collecting cash from customers.

Fair, Isaac Corp.'s receivables turnover has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2023, the receivables turnover ratio decreased to 3.90 from 4.27 in the previous year. This suggests a slight decrease in the company's ability to collect its accounts receivable compared to the prior year. However, it is important to consider industry benchmarks and the company's historical performance to gain a more comprehensive understanding.

It is also important to note that receivables turnover can be influenced by various factors, such as changes in credit policies, customer payment behaviors, or changes in sales volume. A thorough analysis of the company's receivables management practices and market conditions would provide further insights into the reasons behind the fluctuations in the receivables turnover ratio.