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CDK Global (CDK Global) Receivables Turnover : 1.91 (As of Mar. 2022)


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What is CDK Global 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. CDK Global's Revenue for the three months ended in Mar. 2022 was $460 Mil. CDK Global's average Accounts Receivable for the three months ended in Mar. 2022 was $241 Mil. Hence, CDK Global's Receivables Turnover for the three months ended in Mar. 2022 was 1.91.


CDK Global Receivables Turnover Historical Data

The historical data trend for CDK Global'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.

CDK Global Receivables Turnover Chart

CDK Global Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.76 4.85 4.79 5.98 6.64

CDK Global Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 1.82 1.69 1.83 1.84 1.91

Competitive Comparison of CDK Global's Receivables Turnover

For the Software - Application subindustry, CDK Global'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.


CDK Global's Receivables Turnover Distribution in the Software Industry

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

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



CDK Global Receivables Turnover Calculation

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

CDK Global's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Receivables Turnover (A: Jun. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2021 ) / ((Accounts Receivable (A: Jun. 2020 ) + Accounts Receivable (A: Jun. 2021 )) / count )
=1673.2 / ((256.6 + 247.3) / 2 )
=1673.2 / 251.95
=6.64

CDK Global's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

Receivables Turnover (Q: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2022 ) / ((Accounts Receivable (Q: Dec. 2021 ) + Accounts Receivable (Q: Mar. 2022 )) / count )
=459.7 / ((239.8 + 241.6) / 2 )
=459.7 / 240.7
=1.91

* 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.


CDK Global  (NAS:CDK) 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.


CDK Global Receivables Turnover Related Terms

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CDK Global (CDK Global) Business Description

Traded in Other Exchanges
N/A
Address
1950 Hassell Road, Hoffman Estates, IL, USA, 60169
CDK Global Inc provides integrated information technology solutions to the automotive retail and adjacent industries in North America. The company's solutions connect people with technology by automating and integrating all parts of the dealership and buying process, including the acquisition, sale, financing, insuring, parts supply, repair, and maintenance of vehicles. It generates maximum revenue from subscriptions.
Executives
Lee J. Brunz officer: General Counsel and Secretary C/O CDK GLOBAL, INC. 1950 HASSELL RD. HOFFMAN ESTATES IL 60169
Neil B Fairfield officer: VP, Corporate Controller & CAO 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Eric Guerin officer: EVP, Chief Financial Officer 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Jennifer A. Williams officer: VP, Corporate Controller & CAO 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169-6308
Mahesh Shah officer: Chief Product & Tech. Officer 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169-6308
Scott W Herbers officer: EVP, North America Sales 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169-6308
Neil Packham officer: President, CDK International 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169-6308
Joseph A Tautges officer: Executive Vice President CDK GLOBAL, INC. 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169
Brian M Krzanich director, officer: CEO / President 1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Rajiv K Amar officer: Chief Technology Officer 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169-6308
Scott L. Mathews officer: VP & President, Digital Mktg C/O CDK GLOBAL, INC. 1950 HASSELL RD. HOFFMAN ESTATES IL 60169
Amy W. Byrne officer: Chief Human Resources Officer 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169-6308
Brian P Macdonald director 1735 MARKET STREET, PHILADELPHIA PA 19103
Frey Ronald L Jr officer: Chief Global Strategy Officer 1950 HASSELL ROAD HOFFMAN ESTATES IL 60169-6308
Stephen A. Miles director C/O CDK GLOBAL, INC. 1950 HASSELL RD. HOFFMAN ESTATES IL 60169

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