Blacklinefety (Blacklinefety) Receivables Turnover : 0.69 (As of Jan. 2024)

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What is Blacklinefety 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. Blacklinefety's Revenue for the three months ended in Jan. 2024 was $19.61 Mil. Blacklinefety's average Accounts Receivable for the three months ended in Jan. 2024 was $28.59 Mil. Hence, Blacklinefety's Receivables Turnover for the three months ended in Jan. 2024 was 0.69.

Blacklinefety Receivables Turnover Historical Data

The historical data trend for Blacklinefety'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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Blacklinefety Receivables Turnover Chart

Blacklinefety Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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5.00

3.67

3.48

3.23

3.20

Blacklinefety Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															0.87	0.85	0.76	0.79	0.69

Competitive Comparison of Blacklinefety's Receivables Turnover

For the Software - Application subindustry, Blacklinefety'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.

Blacklinefety's Receivables Turnover Distribution in the Software Industry

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

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

Blacklinefety Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	72.933	/ (	(16.715	+	28.827)	/	2 )
=	72.933	/	22.771
=	3.20

Blacklinefety's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	19.612	/ (	(28.827	+	28.362)	/	2 )
=	19.612	/	28.5945
=	0.69

Blacklinefety (OTCPK:BLKLF) 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.

Blacklinefety Receivables Turnover Related Terms

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Blacklinefety (Blacklinefety) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blackline Safety Corp (OTCPK:BLKLF) » Definitions » Receivables Turnover

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BLN:Canada

Address

803-24 Avenue S.E., Unit 100, Calgary, AB, CAN, T2G 1P5

Website

https://www.blacklinesafety.com

Blackline Safety Corp is a connected safety monitoring technology company. The company develops, manufactures, and markets products and services that empower businesses with real-time safety insights to manage emergency responses, evacuations, and gas detection compliance programs. Its operating segments include, Product segment and Service segment which generates the majority of the revenue for the company. Service revenues relate to connectivity, monitoring and data services that it provides to the customers of its safety devices and includes access to the Blackline Safety Cloud, compliance and analytics reports, SOC monitoring, two-way voice functionality and push to talk capability. Geographically, it derives revenue from Canada, Europe, United States and Rest of the World.