International Business Machines (IBM)
Receivables turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 64,365,000 | 61,563,000 | 62,070,000 | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 |
| Receivables | US$ in thousands | 7,642,000 | 6,203,000 | 6,676,000 | 7,725,000 | 6,039,000 | 6,368,000 | 12,626,000 | 14,209,000 | 6,289,000 | 6,626,000 | 13,725,000 | 14,977,000 | 14,669,000 | 15,823,000 | 16,067,000 | 18,738,000 | 17,870,000 | 19,447,000 | 20,669,000 | 23,795,000 |
| Receivables turnover | 8.42 | 9.92 | 9.30 | 8.01 | 10.13 | 9.50 | 4.80 | 4.26 | 9.63 | 9.01 | 4.25 | 3.83 | 2.90 | 2.96 | 3.16 | 2.94 | 3.11 | 2.88 | 2.76 | 2.43 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $64,365,000K ÷ $7,642,000K
= 8.42
The receivables turnover ratio for International Business Machines has shown fluctuations over the past five years. It stood at 2.43 on December 31, 2019, indicating that the company collected its outstanding receivables approximately 2.43 times during that period. The ratio improved steadily, reaching 3.83 on December 31, 2021, suggesting a more efficient collection of receivables.
However, there was a significant spike in the receivables turnover ratio to 9.01 on June 30, 2022, and further to 9.63 on September 30, 2022. This sharp increase may indicate a more aggressive approach in collecting outstanding payments or a change in the company's credit policies.
The ratio decreased to 4.26 on December 31, 2022, but remained relatively high compared to previous years. The trend continued with a ratio of 8.01 on December 31, 2023, and 9.30 on March 31, 2024, showing that the company was still collecting its receivables at a faster rate.
The ratio decreased slightly to 8.42 on December 31, 2024. Overall, the receivables turnover ratio for International Business Machines has exhibited variability over the period, with some quarters showing exceptionally high turnover rates, possibly indicating strategic or operational changes in the company's receivables management.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Receivables Turnover (Quarterly Data)