Fastly (FRA:2Y7) Receivables Turnover : 1.17 (As of Mar. 2024)

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What is Fastly Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Fastly's Revenue for the three months ended in Mar. 2024 was €122.8 Mil. Fastly's average Accounts Receivable for the three months ended in Mar. 2024 was €104.7 Mil. Hence, Fastly's Receivables Turnover for the three months ended in Mar. 2024 was 1.17.

Fastly Receivables Turnover Historical Data

The historical data trend for Fastly's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fastly Receivables Turnover Chart

Fastly Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.54

6.40

6.37

5.76

4.76

Fastly Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.34	1.49	1.45	1.25	1.17

Competitive Comparison of Fastly's Receivables Turnover

For the Software - Application subindustry, Fastly's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fastly's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Fastly's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fastly's Receivables Turnover falls into.

Fastly Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Fastly's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	463.991	/ (	(84.562	+	110.497)	/	2 )
=	463.991	/	97.5295
=	4.76

Fastly's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	122.838	/ (	(110.497	+	98.916)	/	2 )
=	122.838	/	104.7065
=	1.17

Fastly (FRA:2Y7) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Fastly Receivables Turnover Related Terms

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Fastly (FRA:2Y7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fastly Inc (FRA:2Y7) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FSLY:USA FSLY:Mexico 2Y7:Germany F1SL34:Brazil

Address

475 Brannan Street, Suite 300, San Francisco, CA, USA, 94107

Website

https://www.fastly.com

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2022.

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