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. Black Knight's Revenue for the
three
months ended in Sep. 2023 was $275 Mil. Black Knight's average Accounts Receivable for the
three
months ended in Sep. 2023 was $144 Mil.
Hence, Black Knight's Receivables Turnover for the
three
months ended in Sep. 2023 was 1.91.
Black Knight Receivables Turnover Historical Data
The historical data trend for Black Knight'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.
Competitive Comparison of Black Knight's Receivables Turnover
For the Software - Application subindustry, Black Knight'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.
Black Knight's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Black Knight's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Black Knight's Receivables Turnover falls into.
Black Knight Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Black Knight's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Black Knight (NYSE:BKI) 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.
Black Knight Receivables Turnover Related Terms
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Black Knight Inc is a technology company that, through its subsidiaries, provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital markets industry. The company's product portfolio includes software solutions to support loan origination, processing and servicing, and data and analytics solutions such as automated valuation models, data integration, risk assessment, among others. Black Knight's business is organized in two segments: software solutions and data/analytics. The majority of revenue comes from the company's software solutions segment, and most of the company's revenue is earned in the United States.
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