Genpact Limited (G)
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 | 4,476,880 | 4,433,170 | 4,408,420 | 4,392,050 | 4,371,170 | 4,340,910 | 4,245,610 | 4,144,586 | 4,022,217 | 3,900,505 | 3,820,288 | 3,732,256 | 3,709,377 | 3,699,548 | 3,652,824 | 3,634,529 | 3,520,543 | 3,415,143 | 3,274,322 | 3,121,084 |
| Receivables | US$ in thousands | 1,121,360 | 1,059,540 | 1,011,720 | 1,008,790 | 998,054 | 997,449 | 1,017,480 | 974,421 | 890,539 | 955,430 | 920,659 | 889,334 | 883,656 | 862,292 | 872,717 | 915,488 | 918,464 | 867,419 | 860,353 | 842,597 |
| Receivables turnover | 3.99 | 4.18 | 4.36 | 4.35 | 4.38 | 4.35 | 4.17 | 4.25 | 4.52 | 4.08 | 4.15 | 4.20 | 4.20 | 4.29 | 4.19 | 3.97 | 3.83 | 3.94 | 3.81 | 3.70 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,476,880K ÷ $1,121,360K
= 3.99
The receivables turnover ratio for Genpact Ltd has shown some fluctuations over the past eight quarters. In Q4 2022, the ratio was 4.39, which decreased slightly to 4.37 in Q1 2023 and remained constant in Q2 2023. It further declined to 4.20 in Q3 2023 before reaching 4.01 in Q4 2023.
Overall, the trend indicates a general stability in the efficiency of collecting receivables, with some minor variations. The company has been able to maintain a turnover ratio above 4 for the majority of the quarters, suggesting that it is collecting its accounts receivable approximately four times a year. This indicates a healthy level of accounts receivable management. However, a slight decline in the ratio over the last few quarters may warrant further investigation to ensure the company's credit and collection policies are optimal.
Peer comparison
Dec 31, 2023