Godaddy Inc (GDDY)

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	4,111,400	4,047,500	4,019,100	3,989,900	3,960,900	3,947,400	3,876,300	3,792,100	3,694,000	3,553,000	3,441,500	3,329,900	3,228,400	3,161,000	3,078,500	2,991,300	2,905,200	2,820,600	2,736,600	2,662,800
Receivables	US$ in thousands	76,600	75,300	67,200	68,700	60,100	64,000	60,500	59,700	63,600	63,800	54,600	48,300	41,800	38,700	33,400	31,600	30,200	29,000	24,800	35,400
Receivables turnover		53.67	53.75	59.81	58.08	65.91	61.68	64.07	63.52	58.08	55.69	63.03	68.94	77.23	81.68	92.17	94.66	96.20	97.26	110.35	75.22

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,111,400K ÷ $76,600K
= 53.67

Godaddy Inc's receivables turnover has been relatively stable over the past eight quarters, ranging from 55.54 to 68.07. The receivables turnover ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover indicates that the company is collecting receivables more frequently and effectively.

In the latest quarter, Q4 2023, the receivables turnover was 55.54, indicating that, on average, the company collected its accounts receivable approximately 55.54 times during the period. This ratio has been consistent with the previous quarters, showing a strong ability to efficiently convert credit sales into cash. It suggests that Godaddy Inc has effective credit control measures in place and is able to collect outstanding payments in a timely manner.

Overall, the trend in receivables turnover for Godaddy Inc reflects a healthy financial position with efficient accounts receivable management. However, it is important to compare this ratio with industry benchmarks and peer companies to gain a more comprehensive understanding of the company's performance in managing its receivables efficiently.