VeriSign Inc (VRSN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,400 | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 |
| Receivables | US$ in thousands | 5,600 | 6,300 | 6,200 | 5,284 | 4,642 |
| Receivables turnover | 278.11 | 237.00 | 229.82 | 251.25 | 272.53 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,557,400K ÷ $5,600K
= 278.11
VeriSign Inc's receivables turnover has shown a declining trend over the past five years, decreasing from 272.53 in December 2020 to 278.11 in December 2024. This indicates that the company is collecting its accounts receivable more efficiently as the turnover ratio has increased. However, the ratio decreased from 251.25 in December 2021 to 229.82 in December 2022, suggesting a temporary inefficiency in collecting receivables. Overall, VeriSign Inc's receivables turnover has fluctuated over the years, but the recent increase in the ratio implies improved efficiency in converting receivables into cash.
Peer comparison
Dec 31, 2024