Heidrick & Struggles International (HSII)
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 | 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 | 725,614 | 731,932 | 737,755 | 747,271 |
| Receivables | US$ in thousands | 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 | 135,834 | 179,466 | 177,896 | 163,434 |
| Receivables turnover | 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 | 5.34 | 4.08 | 4.15 | 4.57 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,041,182K ÷ $133,128K
= 7.82
The receivables turnover ratio for Heidrick & Struggles International, Inc. has shown fluctuations over the past few quarters, ranging from a low of 4.91 in Q2 2023 to a high of 7.89 in Q4 2022. This ratio indicates how efficiently the company is able to collect payments from its customers. A high turnover ratio suggests that the company is collecting payments quickly and efficiently, while a lower ratio implies that receivables are taking longer to be collected.
In Q4 2023, the receivables turnover ratio increased to 7.25, indicating that the company was able to collect payments more quickly compared to the previous quarter. This could be a positive sign of strong customer collections and effective credit management practices.
On the other hand, the decrease in the ratio in Q2 2023 to 4.91 may raise some concerns about the company's ability to efficiently collect payments. It is important for the company to monitor and manage its receivables effectively to ensure a healthy cash flow and timely collection of payments.
Overall, while there have been fluctuations in the receivables turnover ratio for Heidrick & Struggles International, Inc., it is important for the company to strive for consistency and aim for a balance between timely collections and maintaining good customer relations.
Peer comparison
Dec 31, 2023