Heidrick & Struggles International (HSII)
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 | 1,115,676 | 1,092,180 | 1,077,261 | 1,068,161 | 1,041,182 | 1,022,461 | 1,012,836 | 1,040,168 | 1,083,586 | 1,132,110 | 1,139,154 | 1,099,280 | 1,008,474 | 883,468 | 762,654 | 649,254 | 629,370 | 651,832 | 693,849 | 724,187 |
| Receivables | US$ in thousands | 134,331 | 186,252 | 187,113 | 172,953 | 133,128 | 189,442 | 197,899 | 160,092 | 161,725 | 227,664 | 255,499 | 227,293 | 170,692 | 211,637 | 198,083 | 150,051 | 107,775 | 139,056 | 148,485 | 161,995 |
| Receivables turnover | 8.31 | 5.86 | 5.76 | 6.18 | 7.82 | 5.40 | 5.12 | 6.50 | 6.70 | 4.97 | 4.46 | 4.84 | 5.91 | 4.17 | 3.85 | 4.33 | 5.84 | 4.69 | 4.67 | 4.47 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,115,676K ÷ $134,331K
= 8.31
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a given period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Based on the data provided for Heidrick & Struggles International, we observe fluctuating receivables turnover ratios over the quarterly periods. The ratio ranged from a low of 3.85 on June 30, 2021, to a high of 8.31 on December 31, 2024. Overall, the trend shows some volatility but also indicates an increasing efficiency in collecting receivables, as the ratio generally experienced an upward trajectory from 2020 to 2024.
It's important to further analyze the reasons behind these fluctuations in the receivables turnover ratio. A sudden decrease may signify issues with collecting payments from clients, while a significant increase could indicate improved credit policies or more efficient collection processes. A sustainable and improving receivables turnover ratio is crucial for maintaining healthy cash flow and liquidity within the company.
Peer comparison
Dec 31, 2024