Alphabet Inc Class C (GOOG)
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 | 305,445,000 | 294,667,000 | 287,780,000 | 283,140,000 | 281,513,000 | 282,362,000 | 277,870,000 | 270,007,000 | 257,262,000 | 238,240,000 | 219,442,000 | 195,859,000 | 181,704,000 | 171,155,000 | 165,528,000 | 166,276,000 | 161,456,000 | 155,163,000 | 148,400,000 | 142,012,000 |
| Receivables | US$ in thousands | 47,964,000 | 41,020,000 | 38,804,000 | 36,036,000 | 40,258,000 | 36,176,000 | 37,073,000 | 35,622,000 | 40,270,000 | 34,800,000 | 32,851,000 | 28,499,000 | 31,384,000 | 25,513,000 | 21,595,000 | 23,735,000 | 27,492,000 | 21,081,000 | 21,317,000 | 19,260,000 |
| Receivables turnover | 6.37 | 7.18 | 7.42 | 7.86 | 6.99 | 7.81 | 7.50 | 7.58 | 6.39 | 6.85 | 6.68 | 6.87 | 5.79 | 6.71 | 7.67 | 7.01 | 5.87 | 7.36 | 6.96 | 7.37 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $305,445,000K ÷ $47,964,000K
= 6.37
Alphabet Inc's receivables turnover fluctuated over the past eight quarters, ranging from 6.41 to 7.90. Receivables turnover indicates how efficiently a company is collecting its accounts receivable during a specific period. A higher turnover ratio generally signifies that the company is collecting its receivables more quickly.
The trend in Alphabet Inc's receivables turnover shows some variability but generally maintains a relatively consistent level, with quarterly values clustering around 6.41 to 7.90. The average turnover ratio for the given period is approximately 7.31, indicating that, on average, Alphabet Inc converted its accounts receivable into cash around 7.31 times per year.
The variability in the receivables turnover ratio may suggest fluctuations in Alphabet Inc's credit policies, collection practices, or customer payment behaviors. However, the overall consistency in the turnover ratio indicates that the company efficiently manages its accounts receivable and has a solid credit control system in place.
Investors and stakeholders should continue to monitor changes in Alphabet Inc's receivables turnover ratio to assess the effectiveness of its accounts receivable management and financial health.
Peer comparison
Dec 31, 2023