Liquidity Services Inc (LQDT)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 317,498 | 280,423 | 258,046 | 207,151 | 227,988 |
| Receivables | US$ in thousands | 7,848 | 11,792 | 5,866 | 5,322 | 6,704 |
| Receivables turnover | 40.46 | 23.78 | 43.99 | 38.92 | 34.01 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $317,498K ÷ $7,848K
= 40.46
The receivables turnover ratio for Liquidity Services Inc has varied over the past five years. The ratio was 40.07 in 2023, 23.75 in 2022, 43.90 in 2021, 38.70 in 2020, and 33.79 in 2019. This indicates that the company's efficiency in collecting payments from its customers improved significantly in 2023 compared to 2022, but was slightly lower than in 2021. However, the ratio was consistently high in comparison to the previous years, reflecting strong management of accounts receivable and efficient collection efforts. Overall, the trend in receivables turnover suggests that the company has been effective in managing its credit sales and collecting payments from customers.
Peer comparison
Sep 30, 2023