Lumen Technologies Inc (LUMN)

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	14,557,000	14,840,000	15,589,000	16,540,000	17,478,000	18,525,000	19,022,000	19,334,000	19,687,000	19,965,000	20,245,000	20,513,000	20,712,000	21,157,000	21,340,000	21,523,000	21,722,000	21,930,000	22,398,000	22,925,000
Receivables	US$ in thousands	1,630,000	1,533,000	1,564,000	1,432,000	1,542,000	1,517,000	1,488,000	1,436,000	1,628,000	1,556,000	1,917,000	1,889,000	2,060,000	2,149,000	2,251,000	2,248,000	2,314,000	2,295,000	2,533,000	2,416,000
Receivables turnover		8.93	9.68	9.97	11.55	11.33	12.21	12.78	13.46	12.09	12.83	10.56	10.86	10.05	9.85	9.48	9.57	9.39	9.56	8.84	9.49

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,557,000K ÷ $1,630,000K
= 8.93

The receivables turnover ratio for Lumen Technologies Inc has shown a slight decline from Q3 2022 to Q3 2023, indicating that the company takes slightly longer to collect payments from its customers within the past year. However, despite the fluctuations, the turnover ratio has generally remained within a relatively stable range between 10.52 and 13.17 over the eight quarters analyzed.

A decreasing receivables turnover ratio may suggest that the company is facing challenges in efficiently collecting payments from customers, which could potentially lead to cash flow issues. It is important for Lumen Technologies Inc to monitor and improve its accounts receivable management to ensure timely collection and optimize its working capital efficiency.

Overall, the trend in receivables turnover for Lumen Technologies Inc indicates the need for continued attention to the effectiveness of its credit and collections processes to sustain healthy cash flow operations.