IQVIA Holdings Inc (IQV)

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	14,308,000	14,246,000	14,145,000	14,033,000	14,004,000	13,925,000	13,769,000	13,666,000	13,470,000	13,226,000	12,614,000	11,671,000	11,033,000	10,630,000	10,575,000	10,800,000	10,726,000	10,519,000	10,377,000	10,209,000
Receivables	US$ in thousands	3,381,000	3,227,000	3,139,000	3,063,000	2,917,000	2,640,000	2,679,000	2,619,000	2,551,000	2,330,000	2,276,000	2,361,000	2,410,000	2,414,000	2,371,000	2,634,000	2,582,000	2,514,000	2,401,000	2,461,000
Receivables turnover		4.23	4.41	4.51	4.58	4.80	5.27	5.14	5.22	5.28	5.68	5.54	4.94	4.58	4.40	4.46	4.10	4.15	4.18	4.32	4.15

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,308,000K ÷ $3,381,000K
= 4.23

The receivables turnover of IQVIA Holdings Inc has shown a declining trend over the past eight quarters, decreasing from 5.32 in Q3 2022 to 4.39 in Q4 2023. This indicates that the company is taking longer to collect payments from its customers. A lower receivables turnover ratio may suggest potential issues with the company's credit policies, collection efforts, or the quality of its accounts receivable. It is important for IQVIA to closely monitor and improve its accounts receivable management to ensure efficient cash flow and timely collections.