Gartner Inc (IT)
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 | 5,994,280 | 5,975,660 | 5,887,990 | 5,754,690 | 5,470,940 | 5,210,450 | 5,032,650 | 4,824,550 | 4,680,250 | 4,501,760 | 4,292,403 | 4,095,451 | 3,995,091 | 4,067,621 | 4,128,212 | 4,231,074 | 4,170,966 | 4,439,036 | 4,360,132 | 4,292,904 |
| Receivables | US$ in thousands | 1,601,230 | 1,140,560 | 1,271,790 | 1,523,440 | 1,556,790 | 1,047,140 | 1,172,000 | 1,326,400 | 1,365,180 | 969,966 | 1,102,560 | 1,175,430 | 1,241,510 | 948,864 | 1,048,520 | 1,148,560 | 1,326,010 | 1,028,320 | 1,112,860 | 1,178,860 |
| Receivables turnover | 3.74 | 5.24 | 4.63 | 3.78 | 3.51 | 4.98 | 4.29 | 3.64 | 3.43 | 4.64 | 3.89 | 3.48 | 3.22 | 4.29 | 3.94 | 3.68 | 3.15 | 4.32 | 3.92 | 3.64 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,994,280K ÷ $1,601,230K
= 3.74
The receivables turnover ratio provides insight into how efficiently a company manages its accounts receivable by measuring how many times during a period the company collects its average accounts receivable balance. Based on the data provided for Gartner, Inc., the company's receivables turnover ratios have fluctuated over the past eight quarters.
In Q4 2023, the receivables turnover ratio was 3.69, indicating that the company collected its outstanding receivables approximately 3.69 times during that quarter. This ratio was lower compared to the previous quarter (Q3 2023) when it was 5.11. The decrease in the turnover ratio suggests that Gartner, Inc. took longer to collect its accounts receivable in Q4 2023.
Analyzing the trend further, the company's receivables turnover ratios have generally ranged between 3.52 and 5.11 over the past eight quarters. The peak turnover ratio of 5.11 in Q3 2023 indicates that the company was relatively more efficient in collecting its accounts receivable during that period. However, the ratios have shown variability, which may reflect changes in the company's credit policies, customer payment behaviors, or internal collection processes.
Overall, Gartner, Inc.'s receivables turnover ratios demonstrate fluctuations over the historical period, and further analysis would be needed to understand the factors driving these changes and their implications for the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2023