Sylogist (TSX:SYZ) Receivables Turnover : 1.88 (As of Mar. 2024)

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What is Sylogist 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. Sylogist's Revenue for the three months ended in Mar. 2024 was C$16.31 Mil. Sylogist's average Accounts Receivable for the three months ended in Mar. 2024 was C$8.67 Mil. Hence, Sylogist's Receivables Turnover for the three months ended in Mar. 2024 was 1.88.

Sylogist Receivables Turnover Historical Data

The historical data trend for Sylogist'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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Sylogist Receivables Turnover Chart

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Receivables Turnover

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12.11

16.54

22.29

20.46

11.50

Sylogist Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.69	2.23	1.81	1.58	1.88

Competitive Comparison of Sylogist's Receivables Turnover

For the Software - Application subindustry, Sylogist'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.

Sylogist's Receivables Turnover Distribution in the Software Industry

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

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

Sylogist Receivables Turnover Calculation

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

Sylogist's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	65.514	/ (	(1.872	+	9.517)	/	2 )
=	65.514	/	5.6945
=	11.50

Sylogist'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 )
=	16.306	/ (	(9.517	+	7.817)	/	2 )
=	16.306	/	8.667
=	1.88

Sylogist (TSX:SYZ) 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.

Sylogist Receivables Turnover Related Terms

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Sylogist (TSX:SYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Receivables Turnover

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SYZLF:USA

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

Executives

Errol Olsen

Director

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