RenoWorks Software (TSXV:RW) Receivables Turnover : 1.87 (As of Dec. 2023)

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What is RenoWorks 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. RenoWorks Software's Revenue for the three months ended in Dec. 2023 was C$1.50 Mil. RenoWorks Software's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.80 Mil. Hence, RenoWorks Software's Receivables Turnover for the three months ended in Dec. 2023 was 1.87.

RenoWorks Software Receivables Turnover Historical Data

The historical data trend for RenoWorks 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.

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RenoWorks Software Receivables Turnover Chart

RenoWorks Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.89

10.11

9.16

8.93

8.98

RenoWorks Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.33	1.74	2.23	2.06	1.87

Competitive Comparison of RenoWorks Software's Receivables Turnover

For the Software - Application subindustry, RenoWorks 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.

RenoWorks Software's Receivables Turnover Distribution in the Software Industry

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

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

RenoWorks Software Receivables Turnover Calculation

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

RenoWorks Software'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: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6.293	/ (	(0.735	+	0.666)	/	2 )
=	6.293	/	0.7005
=	8.98

RenoWorks Software's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.503	/ (	(0.943	+	0.666)	/	2 )
=	1.503	/	0.8045
=	1.87

RenoWorks Software (TSXV:RW) 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.

RenoWorks Software Receivables Turnover Related Terms

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RenoWorks Software (TSXV:RW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RenoWorks Software Inc (TSXV:RW) » Definitions » Receivables Turnover

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ROWKF:USA

Address

2721 Hopewell Place NE, 2nd Floor, Calgary, AB, CAN, T1Y 7J7

Website

https://www.renoworks.com

RenoWorks Software Inc is a Canada-based software company. It develops and distributes digital visualization software for the remodeling and new home construction industry. The company's product offering includes Design services, Licensing and hosting, Libraries, Implementation and others. It serves manufacturers, contractors, retailers, marketers, homeowners, and builders. The firm markets its technologies as innovative engagement tools and generates revenues from four main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API (Application Programming Interface).

Executives

Robert Schulz

Director

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