Viad Corp (VVI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,206,610 | 1,135,550 | 488,274 | 412,106 | 1,358,970 |
| Receivables | US$ in thousands | 128,689 | 122,695 | 93,867 | 18,174 | 139,496 |
| Receivables turnover | 9.38 | 9.26 | 5.20 | 22.68 | 9.74 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,206,610K ÷ $128,689K
= 9.38
Viad Corp.'s receivables turnover has fluctuated over the past five years. In 2023, the company's receivables turnover was 9.63, compared to 9.19 in 2022 and 5.40 in 2021. The significant increase from 2021 to 2022 indicates an improvement in the efficiency of collecting receivables. However, the sharp decrease in 2023 might suggest a slower collection of receivables during that period compared to the previous year.
It is important to note that receivables turnover is a measure of how efficiently a company is managing its accounts receivable. A higher turnover ratio indicates that the company is collecting its outstanding receivables more frequently, which is generally favorable. On the other hand, a lower turnover ratio may suggest potential issues with collecting receivables promptly.
Overall, Viad Corp.'s receivables turnover ratio has shown varying trends over the past five years, and further analysis of the company's receivables management practices and collection policies may be needed to better understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023