Ziff Davis Inc (ZD)
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 | 1,364,028 | 1,370,843 | 1,371,731 | 1,383,071 | 1,390,997 | 1,402,925 | 1,416,196 | 1,420,133 | 1,416,722 | 1,392,149 | 1,310,017 | 1,219,080 | 1,158,829 | 1,180,362 | 1,251,491 | 1,323,567 | 1,372,054 | 1,312,525 | 1,261,108 | 1,226,565 |
| Receivables | US$ in thousands | 337,703 | 291,485 | 285,909 | 277,764 | 304,739 | 232,297 | 243,300 | 263,659 | 316,342 | 268,349 | 249,005 | 242,420 | 325,619 | 192,800 | 188,383 | 204,783 | 261,928 | 203,869 | 174,142 | 176,741 |
| Receivables turnover | 4.04 | 4.70 | 4.80 | 4.98 | 4.56 | 6.04 | 5.82 | 5.39 | 4.48 | 5.19 | 5.26 | 5.03 | 3.56 | 6.12 | 6.64 | 6.46 | 5.24 | 6.44 | 7.24 | 6.94 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,364,028K ÷ $337,703K
= 4.04
The receivables turnover ratio for Ziff Davis Inc has been relatively stable over the past eight quarters, ranging from 4.04 to 5.10. The ratio measures how efficiently the company is collecting payments from its customers. A higher ratio indicates that the company is collecting its accounts receivable more quickly.
In the most recent quarter (Q4 2023), the receivables turnover ratio was 4.04, which was lower compared to the previous quarter (Q3 2023) where it was 4.70. This could suggest that the company took longer to collect payments from customers in Q4 2023.
Overall, with the ratio hovering around 4.5 to 5.1 over the past two years, Ziff Davis Inc appears to have an effective accounts receivable management process in place, indicating that they are generally efficient in collecting payments from customers.