Oracle Corporation (ORCL)

Receivables turnover

		May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Revenue	US$ in thousands	52,961,000	49,954,000	42,440,000	40,479,000	36,904,000
Receivables	US$ in thousands	7,874,000	6,915,000	5,953,000	5,409,000	5,551,000
Receivables turnover		6.73	7.22	7.13	7.48	6.65

May 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $52,961,000K ÷ $7,874,000K
= 6.73

The receivables turnover for Oracle Corporation has been relatively stable over the past five years, ranging from 6.65 to 7.48 times. This indicates that the company is able to efficiently collect its accounts receivable, on average, between 6.65 to 7.48 times within a year. A higher receivables turnover ratio generally suggests better efficiency in collecting payments from customers. Overall, Oracle has maintained a consistent performance in managing its accounts receivable turnover in recent years.