Frontdoor Inc (FTDR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,780,000 | 1,662,000 | 1,602,000 | 1,474,000 | 1,365,000 |
| Receivables | US$ in thousands | 6,000 | 5,000 | 7,000 | 5,000 | 11,000 |
| Receivables turnover | 296.67 | 332.40 | 228.86 | 294.80 | 124.09 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,780,000K ÷ $6,000K
= 296.67
Frontdoor Inc.'s receivables turnover has shown variability over the past five years. The company experienced a substantial increase in receivables turnover from 2019 to 2020, indicating a more efficient collection process. This trend continued in 2021, with a slight decrease in efficiency. However, the company achieved a peak in 2022 with a significant improvement in collecting receivables. In 2023, there was a decrease in the receivables turnover ratio relative to the previous year, suggesting a potential slowdown in collections. Overall, Frontdoor Inc. has generally shown efficient management of its accounts receivables in recent years, as reflected in the high turnover ratios, despite fluctuations in performance.
Peer comparison
Dec 31, 2023