HealthStream Inc (HSTM)

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	279,064	277,019	273,965	270,405	266,826	262,607	259,413	258,591	256,692	254,193	250,985	246,722	244,826	245,703	247,270	250,498	254,113	251,243	248,718	241,945
Receivables	US$ in thousands	38,446	34,805	40,879	47,288	42,710	32,670	34,901	40,788	34,920	30,745	32,454	37,183	46,100	30,305	33,865	34,755	30,376	28,254	29,836	40,588
Receivables turnover		7.26	7.96	6.70	5.72	6.25	8.04	7.43	6.34	7.35	8.27	7.73	6.64	5.31	8.11	7.30	7.21	8.37	8.89	8.34	5.96

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $279,064K ÷ $38,446K
= 7.26

Healthstream Inc's receivables turnover has been fluctuating over the past eight quarters. The receivables turnover ratio measures how efficiently the company is collecting on its credit sales. A higher turnover ratio indicates that the company is able to collect payments from customers more quickly.

In Q3 2022, the company had the highest receivables turnover ratio of 8.04, indicating that the company was able to collect payments from its customers efficiently during that quarter. However, in Q1 2023, the ratio dropped to 5.72, reflecting a slower collection of accounts receivable.

Overall, the trend in receivables turnover ratios for Healthstream Inc shows some variability, indicating that the company's ability to collect payment from customers fluctuates over time. It is important for the company to closely monitor and manage its accounts receivable turnover to ensure efficient cash flow management and overall financial health.