Oracle Corporation (ORCL)
Receivables turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 52,960,000 | 52,432,000 | 51,522,000 | 50,865,000 | 49,953,000 | 75,826,000 | 74,208,000 | 72,479,000 | 70,880,000 | 68,919,000 | 68,584,000 | 68,133,000 | 67,848,000 | 66,437,000 | 66,252,000 | 66,195,000 | 66,165,000 | 66,603,000 | 66,398,000 | 66,292,000 |
| Receivables | US$ in thousands | 7,874,000 | 7,297,000 | 6,804,000 | 6,519,000 | 6,915,000 | 6,213,000 | 6,197,000 | 5,937,000 | 5,953,000 | 4,588,000 | 4,462,000 | 4,482,000 | 5,409,000 | 4,637,000 | 4,423,000 | 4,576,000 | 5,551,000 | 4,162,000 | 4,050,000 | 3,820,000 |
| Receivables turnover | 6.73 | 7.19 | 7.57 | 7.80 | 7.22 | 12.20 | 11.97 | 12.21 | 11.91 | 15.02 | 15.37 | 15.20 | 12.54 | 14.33 | 14.98 | 14.47 | 11.92 | 16.00 | 16.39 | 17.35 |
May 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $52,960,000K ÷ $7,874,000K
= 6.73
The receivables turnover ratio measures how efficiently a company is collecting on its accounts receivable. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
Looking at Oracle Corporation's receivables turnover over the past few quarters, we see some fluctuations in the ratio. The ratio ranged from 6.73 to 17.35 over the past few quarters, indicating variations in how quickly Oracle is collecting its receivables.
In general, the trend shows that Oracle's receivables turnover has been relatively high, indicating efficient collection practices. The company's ability to quickly turn its accounts receivable into cash demonstrates effective management of its receivables.
However, the fluctuations in the ratio across quarters may indicate changes in Oracle's credit policy, customer payment behavior, or internal collection processes. It would be important to further analyze the reasons behind these fluctuations to ensure the company maintains its efficient collection practices.
Peer comparison
May 31, 2024