Netflix Inc (NFLX)
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 | 33,723,290 | 32,742,520 | 32,126,440 | 31,909,280 | 31,615,550 | 31,472,820 | 31,030,700 | 30,402,340 | 29,697,850 | 28,632,970 | 27,585,140 | 26,391,650 | 24,996,060 | 23,819,050 | 22,628,310 | 21,403,140 | 20,156,440 | 18,875,850 | 17,630,320 | 16,614,470 |
| Receivables | US$ in thousands | 1,639,260 | 1,289,680 | 1,229,480 | 1,143,610 | 2,424,390 | 1,436,300 | 887,640 | 845,285 | 913,883 | 801,665 | 756,687 | 623,240 | 742,169 | 620,082 | 640,471 | 541,631 | 524,669 | — | — | — |
| Receivables turnover | 20.57 | 25.39 | 26.13 | 27.90 | 13.04 | 21.91 | 34.96 | 35.97 | 32.50 | 35.72 | 36.46 | 42.35 | 33.68 | 38.41 | 35.33 | 39.52 | 38.42 | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $33,723,290K ÷ $1,639,260K
= 20.57
The receivables turnover ratio measures the efficiency of Netflix Inc. in collecting cash from its credit sales within a specific period. The trend of the receivables turnover ratio from March 31, 2022, to December 31, 2023, indicates the company's effectiveness in managing its accounts receivable.
The receivables turnover ratio has shown a decreasing trend over the period from December 31, 2022, to December 31, 2023. This suggests that Netflix Inc. took longer to collect payments from its credit sales in the most recent period compared to the previous quarters. However, the ratio still remains at relatively high levels, signifying that the company is efficiently collecting outstanding receivables.
It is important to note the absence of data for the receivables turnover ratio for June 30, 2022, and March 31, 2022. It may be necessary to obtain the missing information to conduct a more comprehensive analysis of Netflix Inc.'s receivables turnover trend.