Cognyte Software (Cognyte Software) Receivables Turnover : 0.75 (As of Jan. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Cognyte Software 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. Cognyte Software's Revenue for the three months ended in Jan. 2024 was $83.7 Mil. Cognyte Software's average Accounts Receivable for the three months ended in Jan. 2024 was $111.9 Mil. Hence, Cognyte Software's Receivables Turnover for the three months ended in Jan. 2024 was 0.75.

Cognyte Software Receivables Turnover Historical Data

The historical data trend for Cognyte Software'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.

Cognyte Software Receivables Turnover Chart

Cognyte Software Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

Get a 7-Day Free Trial

2.72

2.50

2.68

2.13

2.77

Cognyte Software Quarterly Data
	Jan19	Jul19	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														0.62	0.68	0.76	0.76	0.75

Competitive Comparison of Cognyte Software's Receivables Turnover

For the Software - Infrastructure subindustry, Cognyte Software'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.

Cognyte Software's Receivables Turnover Distribution in the Software Industry

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

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

Cognyte Software Receivables Turnover Calculation

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

Cognyte Software's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	313.404	/ (	(113.201	+	113.26)	/	2 )
=	313.404	/	113.2305
=	2.77

Cognyte Software'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 )
=	83.691	/ (	(110.571	+	113.26)	/	2 )
=	83.691	/	111.9155
=	0.75

Cognyte Software (NAS:CGNT) 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.

Cognyte Software Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Cognyte Software's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cognyte Software (Cognyte Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognyte Software Ltd (NAS:CGNT) » Definitions » Receivables Turnover

Comparable Companies

BAND CORZQ PRTH OSPN RXT LSAK LVOX BLZE REKR TCX MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

81M:Germany 81M:Germany

Address

33 Maskit, Herzliya, Pituach, ISR, 4673333

Website

https://www.cognyte.com

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.