Verra Mobility Corp (VRRM)

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	103,570	102,694	99,943	96,318	95,201	84,874	77,024	60,447	39,978	132,853	204,857	269,820	371,326	374,327	400,305	423,954	402,116	381,360	375,654	379,932
Receivables	US$ in thousands	234,889	231,822	216,787	212,435	194,568	207,937	206,646	211,390	190,088	201,885	238,796	207,866	16,079	157,164	137,784	126,197	113,517	123,755	119,832	111,383
Receivables turnover		0.44	0.44	0.46	0.45	0.49	0.41	0.37	0.29	0.21	0.66	0.86	1.30	23.09	2.38	2.91	3.36	3.54	3.08	3.13	3.41

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $103,570K ÷ $234,889K
= 0.44

The receivables turnover ratio for Verra Mobility Corp has shown variations over the past eight quarters. The ratio demonstrates how efficiently the company is collecting its accounts receivable during a specific period. A higher ratio indicates a more efficient collection process.

In Q4 2023, the receivables turnover ratio was 3.48, indicating that the company collected its receivables approximately 3.48 times during that quarter. This ratio is slightly higher compared to the previous quarter, Q3 2023, which had a ratio of 3.42.

Looking further back, the ratio in Q4 2022 was 3.81, the highest among the quarters analyzed, showing that the company was collecting its receivables at a more efficient rate at that time. The ratio experienced a decline in Q1 2022, with a value of 2.99, indicating a potential issue with receivables collection efficiency during that period.

Overall, the trend in the receivables turnover ratio for Verra Mobility Corp fluctuated over the analyzed quarters, but generally remained within a range of 2.99 to 3.81. It is important for the company to monitor this ratio closely to ensure timely collection of accounts receivable and maintain healthy cash flows.