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. Box's Revenue for the
three
months ended in Jan. 2024 was $263 Mil. Box's average Accounts Receivable for the
three
months ended in Jan. 2024 was $224 Mil.
Hence, Box's Receivables Turnover for the
three
months ended in Jan. 2024 was 1.17.
Box Receivables Turnover Historical Data
The historical data trend for Box'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 Box's Receivables Turnover
For the Software - Infrastructure subindustry, Box'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.
Box's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Box's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Box's Receivables Turnover falls into.
Box Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Box's Receivables Turnover for the fiscal year that ended in Jan. 2024 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.
Box (NYSE:BOX) 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.
Box Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Box's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Box is a cloud-based content services platform that provides cloud-based storage and workflow collaboration services for enterprise customers. The firm was founded in 2005 as a file-sync and sharing provider. More recently, however, the company has focused on bolstering its product portfolio by adding tools such as governance and e-signature to enhance workflow management and collaboration.
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