Verra Mobility Corp (VRRM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 103,570 | 94,318 | 39,977 | 13,302 | 388,008 |
| Receivables | US$ in thousands | 234,889 | 194,568 | 190,088 | 16,079 | 113,517 |
| Receivables turnover | 0.44 | 0.48 | 0.21 | 0.83 | 3.42 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $103,570K ÷ $234,889K
= 0.44
The receivables turnover ratio for Verra Mobility Corp has shown fluctuations over the past five years. It decreased from 3.95 in 2019 to 2.15 in 2020, indicating a decrease in the company's efficiency in collecting receivables. However, the ratio improved in the following years, reaching 3.81 in 2022 and peaking at 3.81 in 2022, showing a positive trend in collecting outstanding receivables. By the end of 2023, the receivables turnover ratio stood at 3.48, reflecting a somewhat slower turnover of receivables compared to the previous year. Overall, the company has shown varying levels of effectiveness in converting its credit sales into cash over the past five years.
Peer comparison
Dec 31, 2023