Fair Isaac Corporation (FICO)

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	1,451,275	1,415,832	1,382,391	1,338,493	1,322,108	1,310,169	1,304,205	1,394,931	1,376,365	1,376,295	1,426,790	1,319,550	1,306,103	1,294,562	1,225,550	1,226,068	1,196,331	1,160,083	1,111,271	1,052,015
Receivables	US$ in thousands	557,408	591,843	585,320	537,350	483,434	487,796	458,295	429,374	416,293	467,515	449,416	424,695	489,465	515,730	457,923	453,533	415,974	425,078	318,044	271,632
Receivables turnover		2.60	2.39	2.36	2.49	2.73	2.69	2.85	3.25	3.31	2.94	3.17	3.11	2.67	2.51	2.68	2.70	2.88	2.73	3.49	3.87

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,451,275K ÷ $557,408K
= 2.60

The receivables turnover ratio for Fair, Isaac Corp. has been relatively stable in the last eight quarters, ranging between 3.83 and 4.95. This indicates that the company is effectively collecting its accounts receivables and converting them into cash. A higher turnover ratio generally suggests a shorter time between the sale of goods or services on credit and the collection of cash from customers. The slight fluctuations in the ratio over time may be attributed to changes in the company's credit policies, customer payment behavior, or overall economic conditions. Overall, the consistency in Fair, Isaac Corp.'s receivables turnover ratio reflects sound management of its accounts receivables and cash flow.