IQVIA Holdings Inc (IQV)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,237,000 | 14,964,000 | 14,623,000 | 14,368,000 | 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 |
| Receivables | US$ in thousands | 3,204,000 | 3,196,000 | 3,255,000 | 3,426,000 | 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 |
| Receivables turnover | 4.76 | 4.68 | 4.49 | 4.19 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,237,000K ÷ $3,204,000K
= 4.76
The receivables turnover ratio for IQVIA Holdings Inc has shown a generally increasing trend over the past few years, ranging from a low of 4.10 in March 2020 to a high of 5.68 in September 2021 before gradually stabilizing around the range of 4.50 to 5.30.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. This improvement may suggest that IQVIA is managing its credit policies more effectively, resulting in quicker collection of outstanding payments from customers.
It is important to continue monitoring this ratio to ensure that the trend remains stable or improves further, as a decreasing ratio could indicate potential issues with collecting receivables in a timely manner, which may impact the company's cash flow and liquidity.
Peer comparison
Dec 31, 2024