Guidewire Software Inc (GWRE)
Receivables turnover
Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 1,039,477 | 982,300 | 952,197 | 919,218 | 910,947 | 898,831 | 870,547 | 857,475 | 826,697 | 794,619 | 779,718 | 746,444 | 722,096 | 726,143 | 740,463 | 744,838 | 738,408 | 725,792 | 694,239 | 693,064 |
Receivables | US$ in thousands | 97,475 | 137,339 | 104,344 | 128,242 | 93,083 | 151,034 | 129,068 | 127,627 | 88,273 | 143,797 | 85,703 | 111,705 | 80,407 | 104,068 | 71,785 | 92,581 | 78,295 | 114,242 | 79,587 | 101,171 |
Receivables turnover | 10.66 | 7.15 | 9.13 | 7.17 | 9.79 | 5.95 | 6.74 | 6.72 | 9.37 | 5.53 | 9.10 | 6.68 | 8.98 | 6.98 | 10.32 | 8.05 | 9.43 | 6.35 | 8.72 | 6.85 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,039,477K ÷ $97,475K
= 10.66
The receivables turnover ratio for Guidewire Software Inc fluctuated over the period from January 2020 to October 2024. The ratio ranged from 5.53 to 10.66 during this time frame, indicating the company's effectiveness in managing its accounts receivable.
A higher receivables turnover ratio suggests that the company is able to efficiently collect payments from its customers, which is a positive sign of liquidity and effective credit management. On the other hand, a lower ratio may indicate potential issues with collecting receivables promptly.
Analyzing the trend, we can observe some variability in the receivables turnover ratio over the quarters. This could be influenced by factors such as changes in sales volume, credit policies, or the overall economic environment.
Overall, it is essential for Guidewire Software Inc to monitor its receivables turnover ratio consistently to ensure efficient working capital management and maintain healthy cash flow.
Peer comparison
Oct 31, 2024