Kyndryl Holdings Inc (KD)
Receivables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,057,000 | 15,107,000 | 15,299,000 | 15,598,000 | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,201,000 | 17,454,000 | 17,854,000 | 18,317,000 | 18,657,000 | 19,028,000 | 19,305,000 | 19,291,000 | 19,304,500 |
| Receivables | US$ in thousands | 289,000 | 1,374,000 | 1,441,000 | 1,440,000 | 1,599,000 | 1,658,000 | 1,663,000 | 1,490,000 | 1,523,000 | 1,539,000 | 1,578,000 | 1,902,000 | 2,271,000 | 2,279,000 | 1,746,000 | 1,614,000 | 1,614,000 | 1,444,000 |
| Receivables turnover | 52.10 | 10.99 | 10.62 | 10.83 | 10.04 | 9.93 | 10.12 | 11.36 | 11.18 | 11.18 | 11.06 | 9.39 | 8.07 | 8.19 | 10.90 | 11.96 | 11.95 | 13.37 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,057,000K ÷ $289,000K
= 52.10
The receivables turnover ratio for Kyndryl Holdings Inc has shown fluctuations over the stated period, with a general decreasing trend from December 31, 2020, to March 31, 2022. This ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests more efficient management of accounts receivables.
The receivables turnover ratio declined from 13.37 on December 31, 2020, to 8.07 on March 31, 2022, indicating a longer time taken to collect payments from customers or potential issues in credit policies or collections procedures. There was a slight improvement afterward, reaching 11.36 by June 30, 2023, before decreasing again to 9.93 by December 31, 2023.
From that point on, the trend was more stable, with the ratio ranging between 9.39 and 10.99 until March 31, 2025, where it spiked to 52.10. Such a dramatic increase in the turnover ratio could signal a significant change in collection policies, operations, or reporting adjustments.
Overall, a closer examination of the internal processes and the collection practices of Kyndryl Holdings Inc may be necessary to determine the reasons behind the fluctuations in the receivables turnover ratio and whether these changes are reflective of management strategies or operational challenges.
Peer comparison
Mar 31, 2025