Alphabet Inc Class C (GOOG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 348,963,000 | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 |
| Receivables | US$ in thousands | 52,340,000 | 47,964,000 | 40,258,000 | 40,270,000 | 31,384,000 |
| Receivables turnover | 6.67 | 6.37 | 6.99 | 6.40 | 5.82 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $348,963,000K ÷ $52,340,000K
= 6.67
The receivables turnover for Alphabet Inc Class C has shown a general increasing trend over the past five years. It was 5.82 times in December 31, 2020, and improved steadily to reach 6.67 by December 31, 2024. This indicates that the company is able to convert its accounts receivable into cash at a faster rate. However, there was a slight dip in receivables turnover in December 31, 2023, but overall the trend has been positive. A higher receivables turnover ratio signifies that Alphabet Inc is efficient in collecting payments from its customers, which is a positive indicator of its liquidity and operational efficiency.
Peer comparison
Dec 31, 2024