Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,029,000 | 7,162,000 | 7,264,000 | 7,275,000 | 7,228,000 | 7,131,000 | 7,170,000 | 7,234,000 | 7,299,000 | 7,375,000 | 7,384,000 | 7,080,000 | 7,189,000 | 7,720,000 | 8,175,000 | |||
| Receivables | US$ in thousands | 850,000 | 1,608,000 | 1,666,000 | 818,000 | 857,000 | 835,000 | 849,000 | 1,830,000 | 1,860,000 | 1,930,000 | 1,903,000 | 1,846,000 | 1,965,000 | 1,961,000 | 1,835,000 | 2,164,000 | 2,394,000 | 2,333,000 |
| Receivables turnover | 8.27 | 4.45 | 4.36 | 8.89 | 8.43 | 8.54 | 8.45 | 3.95 | 3.92 | 3.82 | 3.88 | 3.84 | 3.66 | 3.94 | 4.46 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,029,000K ÷ $850,000K
= 8.27
The receivables turnover ratio for Xerox Holdings Corp has shown a fluctuating trend over the past eight quarters. In Q4 2023, the receivables turnover ratio was 3.88, a slight increase from the previous quarter. This indicates that Xerox converted its accounts receivable into cash 3.88 times during the quarter.
Although the ratio has shown some variability, it has generally remained above 3, reflecting that Xerox has been efficient in collecting its receivables in a timely manner. This indicates that the company is effectively managing its accounts receivable and the collection process.
Overall, the increasing trend in the receivables turnover ratio for Xerox Holdings Corp implies that the company has been successful in managing its credit sales and collecting payments from its customers efficiently in recent quarters.
Peer comparison
Dec 31, 2023