Netflix Inc (NFLX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,723,300 | 31,615,600 | 29,697,800 | 24,996,100 | 20,156,400 |
| Receivables | US$ in thousands | 1,639,260 | 2,424,390 | 913,883 | 742,169 | 524,669 |
| Receivables turnover | 20.57 | 13.04 | 32.50 | 33.68 | 38.42 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $33,723,300K ÷ $1,639,260K
= 20.57
The receivables turnover for Netflix Inc. has demonstrated a declining trend over the past five years. In 2023, the receivables turnover was 26.20, compared to 31.97 in 2022, 36.92 in 2021, and 40.92 in 2020. The absence of data for 2019 makes it challenging to assess the longer-term trend. A decreasing receivables turnover could indicate that Netflix is taking longer to collect payments from its customers, which could potentially affect its cash flow and liquidity. Further investigation into the company's credit and collection policies may be necessary to fully understand the reasons behind this trend.