Manhattan Associates Inc (MANH)

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	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	617,562	608,999	589,075	576,605
Receivables	US$ in thousands	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	102,269	108,397	100,291	107,352
Receivables turnover		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	6.04	5.62	5.87	5.37

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $932,473K ÷ $182,544K
= 5.11

Manhattan Associates, Inc.'s receivables turnover has shown some variability over the eight quarters provided. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period.

In Q2 2023, the receivables turnover ratio was at its lowest at 4.75, indicating that the company took approximately 4.75 times to collect its accounts receivable during that quarter. This might imply that the company was slower in collecting payments from its customers during that period.

On the other hand, in Q3 2022, the ratio peaked at 5.32, signifying that Manhattan Associates, Inc. was able to collect its accounts receivable more efficiently, taking approximately 5.32 times to collect payments from its customers during that quarter.

Overall, the trend in Manhattan Associates, Inc.'s receivables turnover over the provided quarters shows some fluctuations, which could be influenced by factors such as sales patterns, credit policies, and collection efficiency. Further analysis and comparison with industry benchmarks would provide more insights into the company's effectiveness in managing its accounts receivable.