N-Able Inc (NABL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 420,409 | 371,392 | 344,291 |
| Receivables | US$ in thousands | 48,014 | 42,612 | 40,291 |
| Receivables turnover | 8.76 | 8.72 | 8.55 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $420,409K ÷ $48,014K
= 8.76
The receivables turnover ratio of N-Able Inc has shown a consistent pattern of improvement over the past three years. The company's receivables turnover increased from 8.55 in 2021 to 8.72 in 2022 and further to 8.76 in 2023. This indicates that N-Able Inc is collecting its accounts receivable more efficiently each year.
A higher receivables turnover ratio signifies that the company is able to convert its accounts receivable into cash more quickly, which is a positive indicator of the company's liquidity and ability to manage credit effectively. N-Able Inc's increasing trend in receivables turnover suggests that the company is effectively managing its credit policies, collecting payments from customers in a timely manner, and potentially reducing the risk of bad debts.
Overall, the improvement in N-Able Inc's receivables turnover ratio reflects sound financial management and operational efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023