Alphabet Inc Class A (GOOGL)
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
The receivables turnover ratio for Alphabet Inc has shown some fluctuations over the past eight quarters. The ratio, which measures how efficiently the company is collecting its receivables, has ranged from 6.41 to 7.90 during this period.
A higher receivables turnover ratio indicates that Alphabet Inc is collecting its receivables more efficiently. This can be seen in the trend from Q4 2022 to Q2 2023, where the ratio steadily increased from 7.03 to 7.46.
However, in Q3 2023, there was a slight decrease in the ratio to 7.24, followed by a further decrease to 6.41 in Q4 2023. This decline may indicate a potential slowdown in the collection of receivables during these periods.
Overall, while Alphabet Inc's receivables turnover ratio has exhibited some variability, it has generally remained at a relatively healthy level, suggesting efficient management of receivables. However, the recent downward trend should be monitored to ensure that the company's collection processes remain effective.
Peer comparison
Dec 31, 2023