Real Matters (Real Matters) Receivables Turnover : 3.61 (As of Mar. 2024)

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What is Real Matters 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. Real Matters's Revenue for the three months ended in Mar. 2024 was $42.2 Mil. Real Matters's average Accounts Receivable for the three months ended in Mar. 2024 was $11.7 Mil. Hence, Real Matters's Receivables Turnover for the three months ended in Mar. 2024 was 3.61.

Real Matters Receivables Turnover Historical Data

The historical data trend for Real Matters'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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Real Matters Receivables Turnover Chart

Real Matters Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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11.14

14.73

13.84

10.57

9.83

Real Matters Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.46	3.78	3.15	2.96	3.61

Competitive Comparison of Real Matters's Receivables Turnover

For the Real Estate Services subindustry, Real Matters'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.

Real Matters's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Real Matters's Receivables Turnover distribution charts can be found below:

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

Real Matters Receivables Turnover Calculation

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

Real Matters's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	163.914	/ (	(19.146	+	14.187)	/	2 )
=	163.914	/	16.6665
=	9.83

Real Matters's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	42.168	/ (	(9.731	+	13.608)	/	2 )
=	42.168	/	11.6695
=	3.61

Real Matters (OTCPK:RLLMF) 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.

Real Matters Receivables Turnover Related Terms

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Real Matters (Real Matters) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Real Matters Inc (OTCPK:RLLMF) » Definitions » Receivables Turnover

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REAL:Canada

Address

50 Minthorn Boulevard, Suite 401, Markham, ON, CAN, L3T 7X8

Website

https://www.realmatters.com

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title and Canada. The company generates maximum revenue from the U.S. Appraisal segment. Its U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, and home equity transactions through its Solidifi brand.