SolarWinds Corp (SWI)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	796,895	758,740	719,367	718,632	716,770
Receivables	US$ in thousands	115,244	103,914	101,191	96,209	116,571
Receivables turnover		6.91	7.30	7.11	7.47	6.15

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $796,895K ÷ $115,244K
= 6.91

The receivables turnover of SolarWinds Corp has shown a generally positive trend over the past five years. It increased from 6.15 in December 31, 2020 to 7.47 in December 31, 2021, indicating that the company was able to collect its accounts receivable more efficiently in 2021. However, there was a slight dip in the receivables turnover to 7.11 in December 31, 2022, followed by a small increase to 7.30 in December 31, 2023. The ratio then decreased to 6.91 in December 31, 2024.

Overall, SolarWinds Corp has maintained a relatively stable receivables turnover performance, suggesting that the company is effectively managing its accounts receivable by converting them into cash at a consistent pace. Investors and stakeholders may view this as a positive signal of the company's strong liquidity and efficient credit management practices. It is important for the company to continue monitoring and optimizing its receivables turnover to ensure sustained financial health and operational efficiency.