Alphabet Inc Class C (GOOG)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 348,853,000 | 338,527,000 | 326,485,000 | 316,133,000 | 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 |
| Receivables | US$ in thousands | 52,340,000 | 49,104,000 | 47,087,000 | 44,552,000 | 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 |
| Receivables turnover | 6.67 | 6.89 | 6.93 | 7.10 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $348,853,000K ÷ $52,340,000K
= 6.67
The receivables turnover ratio for Alphabet Inc Class C fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 7.01 times in March 2020, increased to 7.67 times by June 2020, and then slightly decreased to 6.71 times by September 2020. Throughout the following quarters, the ratio continued to fluctuate within the range of 5.79 times to 7.86 times.
Overall, the company's ability to collect its accounts receivable improved towards the end of the period, with the receivables turnover increasing from 6.37 times in December 2023 to 7.10 times in March 2024, before stabilizing around an average of 6.80 times in the subsequent quarters.
A high receivables turnover ratio indicates that Alphabet Inc is efficient in collecting payments from its customers and converting its receivables into cash. Conversely, a low ratio may suggest potential issues with collecting outstanding accounts receivable promptly.
It is important for investors and analysts to monitor the receivables turnover ratio over time to assess the company's liquidity and effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2024