SolarWinds Corp (SWI)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	794,845	789,734	779,300	771,084	763,326	752,646	742,451	733,451	724,655	716,477	718,352	719,106	718,632	717,464	721,011	716,888	716,770	778,716	834,388	890,471
Receivables	US$ in thousands	115,244	101,614	89,135	103,355	103,914	92,532	85,444	109,380	101,191	93,634	84,698	99,574	96,209	84,252	102,278	118,557	116,571	118,984	105,436	123,342
Receivables turnover		6.90	7.77	8.74	7.46	7.35	8.13	8.69	6.71	7.16	7.65	8.48	7.22	7.47	8.52	7.05	6.05	6.15	6.54	7.91	7.22

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $794,845K ÷ $115,244K
= 6.90

The receivables turnover ratio for SolarWinds Corp has fluctuated over the periods provided. The ratio indicates how efficiently the company is collecting outstanding receivables from its customers. A higher turnover ratio is generally favorable as it suggests that the company is collecting its outstanding receivables more quickly.

In the most recent period of December 31, 2024, the receivables turnover ratio was 6.90, which indicates that on average, SolarWinds Corp collected its outstanding receivables approximately 6.90 times during the year. This represents a decrease from the previous period.

It's important to note that a decreasing trend in receivables turnover could imply potential issues with the collection of receivables or an increase in credit sales that are not being collected efficiently. Conversely, an increasing trend suggests improvement in the company's credit policies or better management of accounts receivable.

Overall, monitoring the receivables turnover ratio for SolarWinds Corp can provide insights into the company's collection efficiency and financial health over time.