Sabre Corpo (SABR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,351,280 | 2,237,310 | 1,417,990 | 1,077,380 | 3,818,600 |
| Receivables | US$ in thousands | 384,441 | 392,540 | 304,057 | 294,250 | 591,914 |
| Receivables turnover | 6.12 | 5.70 | 4.66 | 3.66 | 6.45 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,351,280K ÷ $384,441K
= 6.12
Sabre Corp's receivables turnover has shown a positive trend over the past five years. The company's ability to collect its accounts receivable has improved consistently, with the ratio increasing from 6.78 in 2019 to 7.79 in 2023. This indicates that Sabre Corp is collecting its receivables more frequently per year, which is a positive sign for its liquidity and cash flow management.
A higher receivables turnover ratio suggests that the company is efficiently managing its credit sales and collecting payments from customers in a timely manner. This could be attributed to effective credit policies, efficient collection procedures, and a strong customer base with good payment practices.
Overall, Sabre Corp's increasing receivables turnover ratio reflects positively on its financial health and indicates effective management of accounts receivable, which is essential for maintaining cash flow and liquidity in the business.
Peer comparison
Dec 31, 2023