Verisk Analytics Inc (VRSK)

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	2,577,100	2,105,700	2,168,700	2,240,100	2,359,000	2,906,100	2,924,100	2,925,600	2,872,300	2,815,400	2,753,200	2,681,700	2,665,800	2,626,400	2,581,000	2,558,500	2,476,400	2,316,300	2,293,500	2,272,700
Receivables	US$ in thousands	357,700	370,000	402,100	433,300	334,300	498,800	553,600	528,300	483,000	489,000	498,200	519,500	457,800	459,400	454,500	523,300	467,500	428,800	468,000	444,600
Receivables turnover		7.20	5.69	5.39	5.17	7.06	5.83	5.28	5.54	5.95	5.76	5.53	5.16	5.82	5.72	5.68	4.89	5.30	5.40	4.90	5.11

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,577,100K ÷ $357,700K
= 7.20

Verisk Analytics Inc's receivables turnover ratio has shown some fluctuations over the past eight quarters. Receivables turnover measures how efficiently a company is able to collect on its accounts receivable during a specific period. A higher turnover ratio indicates that the company is able to collect payments from its customers more quickly.

In the most recent quarter, Q4 2023, Verisk Analytics Inc's receivables turnover ratio was 7.50, which is higher than the previous quarter's ratio of 6.04 in Q3 2023. This increase suggests that the company was able to collect payments from its customers at a faster rate in Q4 2023.

Looking further back, we can see that the receivables turnover ratio has generally been above 5.00 over the past eight quarters, indicating that Verisk Analytics Inc has been performing well in terms of efficiently collecting payments from its customers.

Overall, Verisk Analytics Inc's receivables turnover ratio demonstrates a consistent ability to efficiently manage its accounts receivable, with the most recent quarter showing a notable improvement in collection speed. This efficient management of receivables is a positive indicator of the company's financial health and operational efficiency.