VeriSign Inc (VRSN)

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	1,493,100	1,481,900	1,462,500	1,442,400	1,424,900	1,396,000	1,373,400	1,350,900	1,327,600	1,307,632	1,291,211	1,276,176	1,265,100	1,255,311	1,245,853	1,237,777	1,231,661	1,228,570	1,225,926	1,222,089
Receivables	US$ in thousands	6,300	4,600	6,900	—	6,200	12,900	10,600	6,700	5,284	9,153	9,785	6,315	4,642	6,356	5,338	5,047	16,245	8,131	9,913	10,692
Receivables turnover		237.00	322.15	211.96	—	229.82	108.22	129.57	201.63	251.25	142.86	131.96	202.09	272.53	197.50	233.39	245.25	75.82	151.10	123.67	114.30

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,493,100K ÷ $6,300K
= 237.00

Verisign Inc.'s receivables turnover ratio for Q4 2023 stands at 109.79, indicating that the company collected its accounts receivables approximately 109.79 times during the quarter. This represents a significant decrease from the previous quarter's ratio of 322.15, suggesting that the company took longer to collect its receivables in Q4 2023.

Comparing the current ratio to historical data, Q4 2023's turnover is notably lower than the ratios in the same quarter of the prior year (Q4 2022) and Q2 2023. The notable increase in Q3 2023 was a positive sign, but the subsequent drop in Q4 2023 may raise concerns about the company's efficiency in collecting outstanding payments.

It is also worth noting that there is missing data for Q1 2023, which could impact the trend analysis and overall assessment of Verisign Inc.'s receivables turnover performance. Further analysis and monitoring of the company's collections management practices may be required to understand the fluctuation in the receivables turnover ratio and its implications for the company's financial health.