N-Able Inc (NABL)

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
Revenue (ttm)	US$ in thousands	423,324	410,532	396,492	382,039	373,927	365,298	360,194	353,907
Receivables	US$ in thousands	48,014	55,806	55,902	49,644	42,612	41,598	43,179	42,175	40,291	38,617	31,703
Receivables turnover		8.82	7.36	7.09	7.70	8.78	8.78	8.34	8.39

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $423,324K ÷ $48,014K
= 8.82

The receivables turnover ratio for N-Able Inc has fluctuated over the past few quarters. The ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period. A higher receivables turnover ratio suggests that the company is collecting its receivables more quickly.

Looking at the trend over the past year, we can see that the receivables turnover ratio peaked at 8.82 at the end of December 2023 and has fluctuated between 7.09 and 8.78 throughout the quarters. While the ratio has shown some variability, it generally remains within a relatively narrow range, indicating consistent performance in collecting receivables.

It is important for N-Able Inc to monitor its receivables turnover ratio regularly to ensure efficient management of its accounts receivable. By maintaining a healthy balance between collecting receivables promptly and extending credit to customers, the company can optimize its cash flow and working capital management.