Teradata Corp (TDC)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,986,000 | 1,979,000 | 1,948,000 | 1,914,000 | 1,952,000 | 1,970,000 | 2,013,000 | 2,075,000 | 2,058,000 | 2,064,000 | 2,049,000 | 1,992,000 | 1,915,000 | 1,890,000 | 1,889,000 | 1,886,000 | 1,899,000 | 1,993,000 | 1,530,000 | 1,597,000 |
| Receivables | US$ in thousands | 290,000 | 286,000 | 265,000 | 341,000 | 380,000 | 253,000 | 266,000 | 330,000 | 337,000 | 290,000 | 299,000 | 367,000 | 334,000 | 321,000 | 339,000 | 448,000 | 406,000 | 328,000 | 377,000 | 445,000 |
| Receivables turnover | 6.85 | 6.92 | 7.35 | 5.61 | 5.14 | 7.79 | 7.57 | 6.29 | 6.11 | 7.12 | 6.85 | 5.43 | 5.73 | 5.89 | 5.57 | 4.21 | 4.68 | 6.08 | 4.06 | 3.59 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,986,000K ÷ $290,000K
= 6.85
The receivables turnover ratio is calculated by dividing net credit sales by the average accounts receivable balance. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Teradata Corp's receivables turnover ratio fluctuated over the past eight quarters, ranging from a low of 4.76 in Q4 2022 to a high of 7.19 in Q3 2022. In the most recent quarter, Q4 2023, the receivables turnover ratio was 6.41. This suggests that, on average, Teradata Corp collected its outstanding receivables approximately 6.41 times during the quarter.
The trend in Teradata Corp's receivables turnover ratio indicates fluctuations in the speed at which the company is collecting its accounts receivable. Overall, the company's receivables turnover has shown some variability over the past eight quarters, but it has generally remained around the 6 to 7 times range, indicating a reasonably efficient collection process. A more in-depth analysis would involve comparing the company's receivables turnover ratio with industry benchmarks or historical data to assess its performance relative to peers or its own past performance.
Peer comparison
Dec 31, 2023