Viad Corp (VVI)

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	1,206,572	1,201,986	1,217,882	1,230,247	1,145,072	1,059,757	873,248	597,613	488,124	334,814	168,297	138,328	407,336	702,063	1,003,473	1,377,118	1,358,273	1,338,442	1,335,023	1,297,024
Receivables	US$ in thousands	128,689	135,274	147,655	134,111	122,695	521	160,862	96,920	93,867	76,338	32,771	19,377	18,174	21,316	36,786	130,573	139,496	154,383	169,586	147,122
Receivables turnover		9.38	8.89	8.25	9.17	9.33	2,034.08	5.43	6.17	5.20	4.39	5.14	7.14	22.41	32.94	27.28	10.55	9.74	8.67	7.87	8.82

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,206,572K ÷ $128,689K
= 9.38

The receivables turnover ratio for Viad Corp. has been fluctuating over the past eight quarters. The ratio measures how efficiently the company collects payments from its customers.

In the fourth quarter of 2023, the receivables turnover ratio was 9.63, indicating that Viad Corp. collected its outstanding receivables approximately 9.63 times during that period. This was higher compared to the previous quarter's ratio of 8.83.

Looking further back, the ratio was relatively consistent in the first three quarters of 2023, ranging from 8.21 to 9.03. In comparison, the ratio was relatively stable in the previous year, with the fourth quarter of 2022 showing a ratio of 9.19, slightly higher than the fourth quarter of 2023.

Overall, the trend suggests that Viad Corp. has been improving its efficiency in collecting receivables, with some variability in performance quarter to quarter. A higher receivables turnover ratio generally indicates that the company is collecting payments from customers more quickly, which can be a positive sign of effective credit management or strong customer payment terms.