Xerox Corp (XRX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 | 9,450,000 |
| Receivables | US$ in thousands | 850,000 | 857,000 | 1,860,000 | 1,965,000 | 2,394,000 |
| Receivables turnover | 8.28 | 8.46 | 3.92 | 3.70 | 3.95 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,035,000K ÷ $850,000K
= 8.28
The receivables turnover ratio for Xerox Holdings Corp has experienced fluctuations over the past five years. In 2023, the ratio stood at 3.88, indicating that the company collected its accounts receivables approximately 3.88 times during the year. This represents an improvement from the previous year, as the ratio was 3.49 in 2022.
In 2021, the receivables turnover ratio was notably low at 1.81, suggesting that the company took a longer time to collect its receivables during that period. However, there was a significant improvement in 2022 when the ratio increased to 3.35, indicating a better collection efficiency.
Comparing the most recent data with figures from 2020 and 2019, it is evident that Xerox Holdings Corp has generally shown an upward trend in its receivables turnover performance. The company has been more efficient in converting its accounts receivable into cash in recent years, as reflected in the improving ratios.
Overall, the increasing trend in the receivables turnover ratio for Xerox Holdings Corp demonstrates that the company has been managing its accounts receivable effectively and efficiently, which is a positive indicator of its financial health and operational effectiveness in collecting outstanding dues.
Peer comparison
Dec 31, 2023