NCR Voyix Corporation (VYX)
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 | 6,589,000 | 7,570,000 | 7,531,000 | 7,566,000 | 7,558,000 | 7,865,000 | 7,767,000 | 7,454,000 | 7,156,000 | 6,536,000 | 6,332,000 | 6,203,000 | 6,207,000 | 6,462,000 | 6,656,000 | 6,882,000 | 6,915,000 | 6,830,000 | 6,597,000 | 6,424,000 |
| Receivables | US$ in thousands | 481,000 | 950,000 | 986,000 | 1,009,000 | 1,083,000 | 1,116,000 | 1,085,000 | 1,071,000 | 959,000 | 943,000 | 1,271,000 | 1,212,000 | 1,117,000 | 1,248,000 | 1,249,000 | 1,353,000 | 1,490,000 | 1,487,000 | 1,430,000 | 1,335,000 |
| Receivables turnover | 13.70 | 7.97 | 7.64 | 7.50 | 6.98 | 7.05 | 7.16 | 6.96 | 7.46 | 6.93 | 4.98 | 5.12 | 5.56 | 5.18 | 5.33 | 5.09 | 4.64 | 4.59 | 4.61 | 4.81 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,589,000K ÷ $481,000K
= 13.70
The receivables turnover ratio for NCR Voyix Corporation has shown fluctuations over the past few years. The ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.
From Dec 2019 to Dec 2023, the receivables turnover ratio has generally increased, with some minor fluctuations. The ratio was at its lowest point in Mar 2020 at 4.59 and reached its highest point in Dec 2023 at 13.70. This increase suggests that the company has been improving its ability to collect outstanding debts more rapidly in recent periods.
A higher receivables turnover ratio indicates that the company is more effective in collecting payments from its customers, which can be a positive sign of strong credit control policies and efficient operations. The overall trend is promising, showing an improving collection efficiency for NCR Voyix Corporation.
It is important for stakeholders to continue monitoring the receivables turnover ratio to ensure that the company maintains its efficiency in collecting receivables and managing its working capital effectively.