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Upwork (Upwork) Receivables Turnover : 2.25 (As of Dec. 2023)


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What is Upwork 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. Upwork's Revenue for the three months ended in Dec. 2023 was $183.9 Mil. Upwork's average Accounts Receivable for the three months ended in Dec. 2023 was $81.7 Mil. Hence, Upwork's Receivables Turnover for the three months ended in Dec. 2023 was 2.25.


Upwork Receivables Turnover Historical Data

The historical data trend for Upwork'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.

* Premium members only.

Upwork Receivables Turnover Chart

Upwork Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 11.46 9.68 8.83 9.39 8.21

Upwork Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.45 2.59 2.68 2.78 2.25

Competitive Comparison of Upwork's Receivables Turnover

For the Internet Content & Information subindustry, Upwork'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.


Upwork's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Upwork's Receivables Turnover distribution charts can be found below:

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



Upwork Receivables Turnover Calculation

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

Upwork'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 )
=689.136 / ((64.888 + 103.061) / 2 )
=689.136 / 83.9745
=8.21

Upwork's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=183.934 / ((60.262 + 103.061) / 2 )
=183.934 / 81.6615
=2.25

* 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.


Upwork  (NAS:UPWK) 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.


Upwork Receivables Turnover Related Terms

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Upwork (Upwork) Business Description

Traded in Other Exchanges
Address
475 Brannan Street, Suite 430, San Francisco, CA, USA, 94107
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with highly-skilled independent professionals. The develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to Clients.
Executives
Olivier Marie officer: Chief Accounting Officer C/O UPWORK, INC., 475 BRANNAN STREET SUITE 430, SAN FRANCISCO CA 94107
Hayden Brown director, officer: President & CEO C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Gary Steele director C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Erica Gessert officer: Chief Financial Officer C/O UPWORK INC., 475 BRANNAN STREET, SUITE 430, SAN FRANCISCO CA 94107
Jeff Mccombs officer: Chief Financial Officer C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Eric Gilpin officer: Senior VP, Sales C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Leela Srinivasan director C/O UPWORK, INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Kevin Harvey director 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Thomas Layton director, other: Chairman C/O TICKETMASTER ONLINE CITYSEARCH INC, 790 E COLORADO BLVD STE 200, PASADENA CA 91101
Elizabeth A Nelson director MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103
Anilu Vazquez-ubarri director C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Gregory C. Gretsch director C/O RESPONSYS, INC., 900 CHERRY AVENUE, 5TH FLOOR, SAN BRUNO CA 94066
Brian K Kinion officer: Chief Financial Officer C/O MARKETO INC., 901 MARINERS ISLAND BLVD., SUITE 500, SAN MATEO CA 94404
Stephane Kasriel director C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043
Han-shen Yuan officer: SVP, Engineering C/O UPWORK INC., 441 LOGUE AVENUE, MOUNTAIN VIEW CA 94043