NCR Voyix Corporation (VYX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Receivables | US$ in thousands | 481,000 | 1,083,000 | 959,000 | 1,117,000 | 1,490,000 |
| Receivables turnover | 7.24 | 6.98 | 7.46 | 5.56 | 4.64 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,483,000K ÷ $481,000K
= 7.24
The receivables turnover of NCR Voyix Corporation has shown a consistent improvement over the past five years. The ratio has increased from 4.64 in 2019 to 7.24 in 2023, indicating that the company is collecting its accounts receivable more efficiently. A higher receivables turnover ratio suggests that NCR Voyix is able to convert its outstanding receivables into cash more quickly, which is a positive indicator of its liquidity and operational efficiency. The trend highlights the company's effective management of credit policies and collections processes, resulting in a healthier cash flow cycle. Overall, the improving receivables turnover ratio reflects positively on NCR Voyix Corporation's financial health and ability to efficiently manage its receivables.