Kyndryl Holdings Inc (KD)
Receivables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,326,000 | 17,602,000 | |||
| Receivables | US$ in thousands | 1,976,000 | 1,987,000 | 2,121,000 | 1,900,000 | 1,907,000 | 1,921,000 | 2,060,000 | 2,576,000 | 2,652,000 | 1,746,000 |
| Receivables turnover | 8.12 | 8.28 | 7.93 | 8.91 | 8.93 | 9.02 | 8.54 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,052,000K ÷ $1,976,000K
= 8.12
The receivables turnover ratio for Kyndryl Holdings Inc has been relatively stable over the past several quarters, ranging from 7.93 to 9.02. A higher receivables turnover ratio indicates that the company is effectively collecting its accounts receivable, on average, multiple times throughout the period under consideration.
The ratio has been consistently above 8 in recent quarters, indicating that Kyndryl is efficient in converting its accounts receivable into cash. This suggests that the company has effective credit and collection policies in place, allowing it to collect outstanding payments from customers in a timely manner.
Overall, the trend of the receivables turnover ratio for Kyndryl Holdings Inc shows that the company is managing its accounts receivable efficiently, which is a positive signal for its financial health and liquidity.
Peer comparison
Mar 31, 2024