IAC Inc. (IAC)
Receivables turnover
| 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 | 4,210,640 | 4,365,230 | 4,553,650 | 4,743,210 | 4,994,200 | 5,235,270 | 5,148,260 | 4,771,428 | 4,238,395 | 3,699,625 | 3,114,950 | 2,976,428 | 2,873,086 | 2,768,435 | |||
| Receivables | US$ in thousands | 463,785 | 536,650 | 519,286 | 521,666 | 537,945 | 607,809 | 587,567 | 633,323 | 593,280 | 693,208 | 322,757 | 256,134 | 293,350 | 270,453 | 227,316 | 205,377 | 234,753 |
| Receivables turnover | 9.08 | 8.13 | 8.77 | 9.09 | 9.28 | 8.61 | 8.76 | 7.53 | 7.14 | 5.34 | 9.65 | 11.62 | 9.79 | 10.24 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,210,640K ÷ $463,785K
= 9.08
The receivables turnover ratio for IAC Inc. has shown some fluctuations over the past few quarters. The ratio measures how efficiently the company is able to collect its accounts receivables during a specific period.
In the most recent quarter of March 31, 2024, the receivables turnover ratio was 9.08, indicating that the company collected its outstanding receivables approximately 9.08 times during that quarter. This was a slight increase from the previous quarter at 8.13 but was lower than the peak of 9.65 seen in the third quarter of 2021.
Overall, the company's receivables turnover has been relatively healthy, staying above 5. This suggests that IAC Inc. has been effective in managing its accounts receivables and converting them into cash. However, it's essential to monitor any significant deviations in the ratio to ensure that the company's credit policies, collection efforts, and overall financial health remain stable.
Peer comparison
Mar 31, 2024