Grid Dynamics Holdings Inc (GDYN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 350,571 | 312,910 | 310,482 | 211,280 | 111,283 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $350,571K ÷ $—K
= —
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. In the case of Grid Dynamics Holdings Inc, the data provided shows that the receivables turnover ratio is "—", indicating that the company has not reported any specific figures for this ratio for the years 2020 through 2024.
The absence of data for the receivables turnover ratio makes it challenging to assess Grid Dynamics Holdings Inc's effectiveness in converting its accounts receivable into cash. Without this information, it is difficult to determine the company's ability to manage its credit sales and collect payments from customers in a timely manner.
It is important for Grid Dynamics Holdings Inc to provide transparency and disclose relevant financial ratios, including the receivables turnover ratio, to allow stakeholders to evaluate the company's performance in managing its receivables effectively. Monitoring and analyzing this ratio can provide insights into the company's liquidity, credit policy, and overall financial health.
Peer comparison
Dec 31, 2024