Liveramp Holdings Inc (RAMP)

Receivables turnover

		Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	659,661	636,435	621,181	608,409	596,583	589,682	571,671	551,862	528,657	506,107	485,256	462,627	443,026	429,552	412,016	397,498	380,487	353,102	330,906	305,575
Receivables	US$ in thousands	198,834	200,526	174,703	173,083	186,276	200,506	187,682	183,545	178,697	219,506	195,027	184,655	179,976	163,567	141,940	136,248	131,101	104,838	103,826	89,814
Receivables turnover		3.32	3.17	3.56	3.52	3.20	2.94	3.05	3.01	2.96	2.31	2.49	2.51	2.46	2.63	2.90	2.92	2.90	3.37	3.19	3.40

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $659,661K ÷ $198,834K
= 3.32

Liveramp Holdings Inc's receivables turnover ratio has shown fluctuation over the past several quarters, ranging from a low of 2.31 to a high of 3.56. The receivables turnover ratio indicates how efficiently the company is collecting outstanding receivables from its customers.

A higher receivables turnover ratio generally signifies that the company is collecting its accounts receivable more quickly, which is a positive indicator of strong liquidity and efficient management of credit sales. Conversely, a lower ratio may suggest potential issues with collecting outstanding payments in a timely manner.

The trend in Liveramp's receivables turnover ratio has been somewhat volatile, with fluctuations in the ratio occurring from quarter to quarter. This may indicate seasonality in the company's sales and collections process or changes in customer payment behavior.

Overall, an in-depth analysis of the company's receivables management practices, credit policies, and customer relationships would be necessary to fully understand the implications of the fluctuations in the receivables turnover ratio.