Fair Isaac Corporation (FICO)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,717,560	1,417,230	1,310,010	1,376,250	1,294,560
Receivables	US$ in thousands	637,437	591,843	487,796	467,515	515,730
Receivables turnover		2.69	2.39	2.69	2.94	2.51

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,717,560K ÷ $637,437K
= 2.69

Fair Isaac Corporation's receivables turnover has fluctuated over the past five years, ranging from 2.39 to 2.94. A higher turnover ratio indicates that the company is collecting its accounts receivable more efficiently. In this case, the highest ratio was in 2021 at 2.94, suggesting that the company was able to convert its accounts receivable into cash relatively quickly that year. However, in 2023, the ratio dropped to 2.39, indicating a potential delay in collecting receivables compared to other years.

Overall, the receivables turnover ratio for Fair Isaac Corporation has been relatively stable, with minor fluctuations. It is important for the company to continue monitoring and managing its accounts receivable effectively to ensure a healthy cash flow and liquidity position.