SolarWinds Corp (SWI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 758,740 | 719,367 | 718,632 | 716,770 | 669,103 |
| Receivables | US$ in thousands | 103,914 | 101,191 | 96,209 | 116,571 | 123,047 |
| Receivables turnover | 7.30 | 7.11 | 7.47 | 6.15 | 5.44 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $758,740K ÷ $103,914K
= 7.30
The receivables turnover ratio for SolarWinds Corp has shown a generally increasing trend over the past five years, indicating the company's ability to efficiently collect funds owed by customers. The ratio has improved from 5.44 in 2019 to 7.30 in 2023, which suggests that the company has been able to collect its accounts receivables at a faster pace over time. This is a positive indicator of the company's liquidity and efficiency in managing its accounts receivable. The consistent improvement in the receivables turnover ratio reflects a healthy and effective credit and collection policy in place at SolarWinds Corp.
Peer comparison
Dec 31, 2023