Manhattan Associates Inc (MANH)
Receivables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,049,306 | 1,029,374 | 1,001,134 | 966,832 | 932,473 | 886,637 | 846,297 | 807,205 | 766,825 | 740,588 | 711,672 | 685,862 | 663,650 | 639,619 | 620,191 | 589,707 | 587,495 | 593,342 | 605,860 | 624,571 |
| Receivables | US$ in thousands | 210,669 | 199,756 | 191,226 | 205,701 | 182,544 | 183,377 | 178,453 | 160,568 | 167,414 | 143,504 | 133,852 | 132,038 | 127,017 | 115,344 | 113,955 | 106,274 | 111,076 | 105,339 | 108,099 | 112,467 |
| Receivables turnover | 4.98 | 5.15 | 5.24 | 4.70 | 5.11 | 4.84 | 4.74 | 5.03 | 4.58 | 5.16 | 5.32 | 5.19 | 5.22 | 5.55 | 5.44 | 5.55 | 5.29 | 5.63 | 5.60 | 5.55 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,049,306K ÷ $210,669K
= 4.98
The receivables turnover ratio for Manhattan Associates Inc has been fluctuating over the past few years, ranging from a high of 5.63 in September 2020 to a low of 4.58 in December 2022. Generally, a higher turnover ratio indicates that the company is efficient in collecting outstanding payments from its customers.
The company's receivables turnover ratio has shown a downward trend since 2022, reaching a low of 4.70 in March 2024, indicating a slower rate of collection from customers. This could be a cause for concern as it may signify potential issues with credit policies, customer payment delays, or changes in customer creditworthiness.
However, the ratio has shown some improvement in the subsequent quarters, reaching 5.24 in June 2024. It is important for the company to closely monitor and manage its accounts receivables to ensure timely collection and maintain healthy cash flows.
Overall, the receivables turnover ratio of Manhattan Associates Inc reflects fluctuations in the efficiency of its collection process and warrants further monitoring and analysis to identify any underlying trends or issues affecting the company's receivables management.
Peer comparison
Dec 31, 2024