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. ACI Worldwide's Revenue for the
three
months ended in Dec. 2023 was $477 Mil. ACI Worldwide's average Accounts Receivable for the
three
months ended in Dec. 2023 was $308 Mil.
Hence, ACI Worldwide's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.55.
ACI Worldwide Receivables Turnover Historical Data
The historical data trend for ACI Worldwide'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 ACI Worldwide's Receivables Turnover
For the Software - Infrastructure subindustry, ACI Worldwide'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.
ACI Worldwide's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, ACI Worldwide's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ACI Worldwide's Receivables Turnover falls into.
ACI Worldwide Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
ACI Worldwide's Receivables Turnover for the fiscal year that ended in Dec. 2023 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.
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.
ACI Worldwide Receivables Turnover Related Terms
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ACI Worldwide (ACI Worldwide) Business Description
ACI Worldwide Inc develops, markets, and installs a portfolio of software products primarily focused on facilitating electronic payments. The firm also leverages its distribution network in the Americas; Europe, the Middle East, and Africa, or EMEA; and Asia-Pacific regions to sell software developed by third parties. ACI software products process payment transactions for retail banking clients, billers such as utilities and healthcare providers, and community banks and credit unions. ACI's customers are financial institutions all over the world, but most of the revenue is generated in the United States and EMEA regions.
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