IAC Inc. (IAC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,365,240 | 5,235,280 | 3,699,630 | 2,764,540 |
| Receivables | US$ in thousands | 536,650 | 607,809 | 693,208 | 270,453 |
| Receivables turnover | 8.13 | 8.61 | 5.34 | 10.22 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,365,240K ÷ $536,650K
= 8.13
The receivables turnover ratio of IAC Inc. has shown variability over the past four years. In 2023, the company's receivables turnover ratio was 8.13, which indicates that the company collected its accounts receivable approximately 8.13 times during the year.
Compared to the previous year, the receivables turnover ratio decreased from 8.61 in 2022 to 8.13 in 2023. This suggests that IAC Inc. took slightly longer to collect its receivables in 2023 compared to 2022.
In 2021, the receivables turnover ratio was 5.34, indicating a significant increase from the previous year. This implies that the company improved its efficiency in collecting accounts receivable in 2021.
Additionally, in 2020, IAC Inc. had a higher receivables turnover ratio of 10.22, showing that the company collected its receivables more frequently in 2020 compared to the following years.
Overall, fluctuations in the receivables turnover ratio of IAC Inc. suggest varying levels of efficiency in managing its accounts receivable over the analyzed period.
Peer comparison
Dec 31, 2023