What is National Instruments 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. National Instruments's Revenue for the
three
months ended in Jun. 2023 was $417 Mil. National Instruments's average Accounts Receivable for the
three
months ended in Jun. 2023 was $403 Mil.
Hence, National Instruments's Receivables Turnover for the
three
months ended in Jun. 2023 was 1.03.
National Instruments Receivables Turnover Historical Data
The historical data trend for National Instruments'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 National Instruments's Receivables Turnover
For the Software - Application subindustry, National Instruments'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.
National Instruments's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, National Instruments's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where National Instruments's Receivables Turnover falls into.
National Instruments Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
National Instruments'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.
National Instruments (NAS:NATI) 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.
National Instruments Receivables Turnover Related Terms
Thank you for viewing the detailed overview of National Instruments's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
National Instruments (National Instruments) Business Description
National Instruments provides testing and measurement equipment and integrated, software-led solutions to serve high-complexity automated testing in late product development. NI serves a long tail of more than 30,000 customers in myriad end markets but focuses on the semiconductor, transportation, and aerospace and defense verticals.
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