Alphabet Inc Class C (GOOG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 | 161,857,000 |
| Receivables | US$ in thousands | 47,964,000 | 40,258,000 | 40,270,000 | 31,384,000 | 27,492,000 |
| Receivables turnover | 6.37 | 6.99 | 6.40 | 5.82 | 5.89 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $305,559,000K ÷ $47,964,000K
= 6.37
The receivables turnover for Alphabet Inc has shown a fluctuating trend over the past five years, indicating varying efficiency in collecting outstanding customer receivables. In 2023, the receivables turnover decreased to 6.41 from 7.03 in 2022, suggesting a potential slowdown in the collection of receivables. However, it remained relatively consistent with the 6.40 turnover in 2021. This contrasts with the lower turnover rates of 5.82 in 2020 and 5.89 in 2019, indicating potential improvements in receivables management in recent years.
While the decreasing trend in 2023 might signify a longer collection period for receivables, it's essential to consider the company's specific industry dynamics and customer base. Additionally, further analysis of the company's receivables management policies and industry benchmarks would provide deeper insights into the efficiency of Alphabet Inc's receivables turnover.
Peer comparison
Dec 31, 2023