Light & Wonder Inc (LNW)
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 | 2,559,000 | 2,515,000 | 2,782,000 | 2,545,000 | 2,403,000 | 2,721,000 | 2,166,000 | 2,415,000 | 2,454,000 | 2,354,000 | 2,413,000 | 2,057,000 | 2,032,000 | 2,455,000 | 2,744,000 | 3,186,000 | 3,440,000 | 3,422,700 | 3,388,700 | 3,388,700 |
| Receivables | US$ in thousands | 506,000 | 477,000 | 499,000 | 458,000 | 455,000 | 426,000 | 415,000 | 431,000 | 423,000 | 415,000 | 636,000 | 621,000 | 616,000 | 662,000 | 612,000 | 624,000 | 755,000 | 759,000 | 736,000 | 725,000 |
| Receivables turnover | 5.06 | 5.27 | 5.58 | 5.56 | 5.28 | 6.39 | 5.22 | 5.60 | 5.80 | 5.67 | 3.79 | 3.31 | 3.30 | 3.71 | 4.48 | 5.11 | 4.56 | 4.51 | 4.60 | 4.67 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,559,000K ÷ $506,000K
= 5.06
The receivables turnover ratio of Light & Wonder Inc has shown a consistent trend of improvement over the past year, with values ranging from 4.16 to 5.90. This ratio measures how efficiently the company is able to collect outstanding customer payments during a specific period.
In Q4 2023, the receivables turnover ratio was 5.74, indicating that the company collected its outstanding receivables approximately 5.74 times during the quarter. This is slightly lower than the previous quarter, Q3 2023, which had a ratio of 5.90. Despite the slight decrease, the company's ability to collect receivables remains relatively strong.
Comparing year-over-year, the Q4 2023 ratio of 5.74 is higher than the Q4 2022 ratio of 5.52, indicating an improvement in the efficiency of receivables collection over the past year.
Overall, Light & Wonder Inc's receivables turnover ratio has shown a generally positive trend, reflecting effective management of accounts receivable and a strong collections process.
Peer comparison
Dec 31, 2023