Gartner Inc (IT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,313,080 | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 |
| Receivables | US$ in thousands | 1,696,220 | 1,601,230 | 1,556,790 | 1,365,180 | 1,241,510 |
| Receivables turnover | 3.72 | 3.75 | 3.52 | 3.43 | 3.22 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,313,080K ÷ $1,696,220K
= 3.72
Based on the data provided, Gartner Inc's receivables turnover has shown a gradual increasing trend over the past five years. The receivables turnover ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a given period.
In December 31, 2020, the receivables turnover ratio was 3.22, which means the company was able to collect its outstanding receivables approximately 3.22 times over the year. This ratio increased to 3.43 by the end of December 31, 2021, indicating a slight improvement in the company's ability to collect receivables.
By December 31, 2022, the receivables turnover ratio further increased to 3.52, showing that the company's collection process continued to become more efficient. The trend of improvement in receivables turnover continued in the following years, with ratios reaching 3.75 by December 31, 2023, and 3.72 by December 31, 2024.
Overall, the increasing trend in Gartner Inc's receivables turnover ratio reflects a positive trend of the company's ability to efficiently collect outstanding receivables. This indicates good management of accounts receivables and a healthy cash flow position.
Peer comparison
Dec 31, 2024