Liquidity Services Inc (LQDT)

Receivables turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	367,189	340,090	327,239	317,224	317,482	311,747	299,959	286,259	280,398	275,343	275,513	269,007	258,140	243,702	221,755	213,011	206,885	209,785	219,114	223,264
Receivables	US$ in thousands	11,467	8,823	9,552	7,745	7,848	6,257	5,960	7,969	11,792	8,127	6,606	7,797	5,866	5,470	5,731	4,801	5,322	5,159	5,972	5,949
Receivables turnover		32.02	38.55	34.26	40.96	40.45	49.82	50.33	35.92	23.78	33.88	41.71	34.50	44.01	44.55	38.69	44.37	38.87	40.66	36.69	37.53

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $367,189K ÷ $11,467K
= 32.02

The receivables turnover ratio for Liquidity Services Inc has fluctuated over the past few years, ranging from a low of 23.78 to a high of 50.33. This ratio measures how efficiently the company is collecting on its accounts receivable, with a higher ratio indicating a shorter time it takes to collect payments from customers.

In recent quarters, the receivables turnover ratio has generally been above 30, suggesting that Liquidity Services Inc is efficient in collecting payments from its customers. The highest turnover ratios were seen in the quarters ending in March and June of 2023, indicating strong receivables management during that period.

However, the ratio has shown some variability over time, which could be influenced by factors such as changes in the company's credit policies, customer payment behaviors, or economic conditions. Investors and analysts should monitor this ratio over time to assess the company's ability to effectively manage its accounts receivable and maintain cash flow.