Xerox Corp (XRX)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,457,000 | 6,579,000 | 6,656,000 | 6,783,000 | 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 | 796,000 | 1,049,000 | 1,093,000 | 1,383,000 | 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 |
| Receivables turnover | 8.11 | 6.27 | 6.09 | 4.90 | 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, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,457,000K ÷ $796,000K
= 8.11
The receivables turnover ratio of Xerox Corp has shown fluctuations over the analyzed period. From June 30, 2020, to December 31, 2021, the turnover ratio decreased gradually from 4.46 to 3.66, indicating a longer time taken to collect receivables. However, from March 31, 2022, the ratio started to increase significantly, reaching its peak at 8.89 on March 31, 2023. This steep rise suggests a more efficient collection of receivables during this period.
The ratio then decreased to 4.36 by June 30, 2023, but again increased to 8.27 by December 31, 2023. This alternating trend continued, with fluctuations in the subsequent periods. The ratio was at its lowest at 4.36 on June 30, 2023, and reached its highest figure of 8.27 on December 31, 2023.
Overall, the receivables turnover ratio of Xerox Corp has shown varying trends over the analyzed period, with periods of both improvement and decline in the efficiency of collecting receivables. It is essential for the company to monitor and manage its receivables effectively to ensure a healthy cash flow and liquidity position.
Peer comparison
Dec 31, 2024