Kelly Services A Inc (KELYA)

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	4,835,500	3,861,600	3,911,600	2,700,700	1,433,300	2,422,100	2,449,600	3,702,000	4,906,200	4,897,300	4,739,800	4,458,800	4,516,300	4,613,700	4,843,900	5,235,600	5,355,600	5,432,500	5,507,200	5,526,600
Receivables	US$ in thousands	1,160,600	1,388,200	1,423,600	—	1,491,600	—	—	—	1,423,200	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		4.17	2.78	2.75	—	0.96	—	—	—	3.45	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,835,500K ÷ $1,160,600K
= 4.17

The receivables turnover ratio for Kelly Services, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the company achieved a receivables turnover of 4.17, which suggests that Kelly Services collected its accounts receivable approximately 4.17 times during that quarter. This is an improvement from the previous quarter (Q3 2023) where the ratio was 3.48.

Overall, the trend in receivables turnover for Kelly Services, Inc. has been relatively stable hovering around 3.3 to 3.5 times over the past two years, indicating that the company has been managing its accounts receivable efficiently. However, the increase in Q4 2023 could suggest that the company has been more effective in collecting its outstanding receivables during that period, which is a positive sign for its cash flow and liquidity.