Yelp Inc (YELP)
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 | 1,350,662 | 1,317,426 | 1,280,874 | 1,241,811 | 1,205,528 | 1,169,086 | 1,128,644 | 1,086,054 | 1,040,559 | 999,594 | 950,952 | 862,967 | 880,779 | 914,397 | 954,062 | 1,030,022 | 1,014,286 | 989,203 | 967,920 | 955,870 |
| Receivables | US$ in thousands | 146,147 | 159,633 | 151,655 | 140,401 | 131,902 | 127,232 | 124,690 | 111,762 | 107,358 | 105,843 | 101,542 | 88,750 | 88,400 | 84,813 | 78,325 | 85,875 | 106,832 | 101,441 | 95,732 | 89,301 |
| Receivables turnover | 9.24 | 8.25 | 8.45 | 8.84 | 9.14 | 9.19 | 9.05 | 9.72 | 9.69 | 9.44 | 9.37 | 9.72 | 9.96 | 10.78 | 12.18 | 11.99 | 9.49 | 9.75 | 10.11 | 10.70 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,350,662K ÷ $146,147K
= 9.24
The receivables turnover ratio of Yelp Inc has been fluctuating over the past eight quarters, ranging from 8.17 in Q3 2023 to 9.63 in Q1 2022. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly.
In the most recent quarter, Q4 2023, the receivables turnover ratio was 9.15, suggesting that Yelp Inc collected its receivables approximately 9.15 times during the quarter. This indicates a relatively efficient collection process.
Overall, Yelp Inc has maintained a fairly consistent level of receivables turnover over the analyzed period, with some minor fluctuations observed quarter to quarter. It is essential for the company to closely monitor this ratio to ensure efficient management of its accounts receivable and optimize its cash flow.
Peer comparison
Dec 31, 2023