Shutterstock (SSTK)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	933,431	875,466	826,488	770,112	669,753
Receivables	US$ in thousands	95,225	91,139	67,249	47,707	43,846
Receivables turnover		9.80	9.61	12.29	16.14	15.28

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $933,431K ÷ $95,225K
= 9.80

Based on the provided data, Shutterstock's receivables turnover has shown some fluctuation over the years. The receivables turnover ratio measures how efficiently a company is collecting on its accounts receivable.

In December 31, 2020, the receivables turnover ratio was 15.28, indicating that Shutterstock collected its outstanding receivables approximately 15.28 times during that year. This high turnover suggests that the company was effective in collecting payments from customers.

In December 31, 2021, the receivables turnover ratio slightly improved to 16.14, indicating a further increase in the efficiency of receivables collection.

However, in December 31, 2022, the receivables turnover ratio dropped to 12.29, showing a decrease in the rate at which Shutterstock was collecting on its accounts receivable.

The trend continued to December 31, 2023, where the ratio further decreased to 9.61. This significant decline may signal challenges in receivables management or potentially extending credit to less creditworthy customers.

Despite a slight improvement to 9.80 in December 31, 2024, the ratio remained lower than in previous years, suggesting an ongoing need for Shutterstock to focus on improving its accounts receivable collection efficiency.

Overall, Shutterstock's receivables turnover ratio has shown variability over the years, and further analysis of the company's receivables management practices and customer credit policies may be necessary to address the fluctuations in this key financial metric.