Meta Platforms Inc. (META)
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 | 134,089,000 | 126,404,000 | 120,105,000 | 117,039,000 | 116,352,000 | 117,959,000 | 119,255,000 | 119,510,000 | 117,773,000 | 112,186,000 | 104,646,000 | 94,256,000 | 85,823,000 | 78,849,000 | 75,031,000 | 73,231,000 | 70,574,000 | 66,300,000 | 62,379,000 | 58,727,000 |
| Receivables | US$ in thousands | 16,169,000 | 12,944,000 | 12,511,000 | 11,044,000 | 13,466,000 | 11,227,000 | 11,525,000 | 11,390,000 | 14,039,000 | 12,088,000 | 11,698,000 | 10,276,000 | 11,335,000 | 8,024,000 | 7,483,000 | 7,289,000 | 9,518,000 | 7,673,000 | 7,513,000 | 6,475,000 |
| Receivables turnover | 8.29 | 9.77 | 9.60 | 10.60 | 8.64 | 10.51 | 10.35 | 10.49 | 8.39 | 9.28 | 8.95 | 9.17 | 7.57 | 9.83 | 10.03 | 10.05 | 7.41 | 8.64 | 8.30 | 9.07 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $134,089,000K ÷ $16,169,000K
= 8.29
The receivables turnover for Meta Platforms Inc has been fairly consistent over the past eight quarters, ranging from a low of 8.34 in Q4 2023 to a high of 10.63 in Q1 2023. This ratio indicates the number of times a company collects its accounts receivables during a specific period.
A higher receivables turnover ratio generally suggests that a company is efficient in collecting payments from its customers. The trend in Meta Platforms Inc's receivables turnover over the past two years shows fluctuations but remains relatively stable, indicating effective management of accounts receivables.
Overall, Meta Platforms Inc's receivables turnover reflects a healthy cash collection process and suggests that the company is efficiently converting credit sales into cash. It is important for investors and analysts to monitor this ratio to assess the company's financial health and ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023