NV5 Global Inc (NVEE)
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 | 1,259,381 | 1,179,473 | 1,145,347 | 1,121,586 | 1,126,509 | 1,091,459 | 1,072,465 | 1,048,555 | 1,010,092 | 967,430 | 949,570 | 930,193 | 941,447 | 619,405 | 583,798 | 552,757 | 507,709 | 490,455 | 463,578 | 439,429 |
| Receivables | US$ in thousands | 152,593 | 166,859 | 149,110 | — | 145,637 | — | — | — | 153,814 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 8.25 | 7.07 | 7.68 | — | 7.74 | — | — | — | 6.57 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,259,381K ÷ $152,593K
= 8.25
The receivables turnover ratio for NV5 Global Inc has shown variability over the periods analyzed. The ratio indicates how many times during the period the company collects its average accounts receivable balance. A higher turnover ratio suggests that the company is efficient in collecting outstanding receivables.
From the available data, we can observe that NV5 Global Inc's receivables turnover ratio ranged from 6.57 to 8.25. The company experienced the highest receivables turnover ratio of 8.25 at the end of December 2023, indicating that the company collected its accounts receivable approximately 8.25 times during that period. This may be seen as a positive sign of strong cash flow management and efficient collection practices.
However, it is also noted that there are some gaps in the data where the ratio is not available. It is recommended to identify the reasons for these gaps to ensure a comprehensive analysis.
Overall, the trend of the receivables turnover ratio for NV5 Global Inc suggests a relatively consistent performance in terms of efficiently managing its accounts receivable and collecting payments from customers. Further analysis and comparison with industry benchmarks and historical data could provide more insights into the company's financial health and effectiveness in managing its receivables.
Peer comparison
Dec 31, 2023