Verizon Communications Inc (VZ)

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	133,974,000	134,095,000	135,000,000	136,193,000	136,835,000	135,651,000	134,325,000	134,300,000	133,613,000	134,238,000	132,866,000	129,549,000	128,292,000	128,375,000	129,726,000	131,350,000	131,868,000	131,374,000	131,087,000	131,219,000
Receivables	US$ in thousands	25,996,000	23,602,000	23,186,000	22,856,000	24,506,000	23,670,000	36,902,000	23,615,000	23,846,000	22,195,000	21,257,000	22,507,000	23,917,000	22,617,000	22,672,000	23,797,000	25,429,000	24,713,000	24,926,000	24,469,000
Receivables turnover		5.15	5.68	5.82	5.96	5.58	5.73	3.64	5.69	5.60	6.05	6.25	5.76	5.36	5.68	5.72	5.52	5.19	5.32	5.26	5.36

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $133,974,000K ÷ $25,996,000K
= 5.15

Verizon Communications Inc's receivables turnover ratio has shown relatively stable performance over the past eight quarters. The ratio has ranged from 5.34 to 5.96, indicating that, on average, the company collects its accounts receivable approximately 5.5 to 6 times per year.

A higher receivables turnover ratio suggests that the company is efficient in converting its accounts receivable into cash, which can be indicative of effective credit policies and prompt collection efforts. Conversely, a lower ratio may imply potential issues with collecting receivables in a timely manner.

Overall, the consistent range of the receivables turnover ratio for Verizon Communications Inc suggests a healthy balance between credit sales and collection practices, supporting the company's liquidity position and financial performance.