Ziff Davis Inc (ZD)
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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,400,439 | 1,373,201 | 1,360,606 | 1,365,822 | 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 |
| Receivables | US$ in thousands | 660,223 | 470,550 | 450,389 | 446,883 | 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 |
| Receivables turnover | 2.12 | 2.92 | 3.02 | 3.06 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,400,439K ÷ $660,223K
= 2.12
The receivables turnover ratio for Ziff Davis Inc has shown some variability over the analyzed periods. It ranged from a high of 6.64 in June 2020 to a low of 2.12 in December 2024. A higher ratio indicates that the company is collecting its accounts receivable more efficiently.
From June 2020 to September 2020, the ratio decreased from 6.64 to 6.12, indicating a slight decrease in the efficiency of collecting receivables during this period. However, from December 2020 to March 2021, there was a significant drop in the ratio from 3.56 to 5.03, suggesting an improvement in receivables turnover efficiency.
The ratio continued to fluctuate over the following periods, showing a declining trend from September 2022 to December 2024. This downward trend may raise concerns about the company's ability to efficiently collect its receivables in a timely manner.
Overall, it is crucial for Ziff Davis Inc to closely monitor its receivables turnover ratio to ensure effective management of its accounts receivable and maintain healthy cash flow levels.