What is International Business Machines 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. International Business Machines's Revenue for the
three
months ended in Mar. 2024 was $14,462 Mil. International Business Machines's average Accounts Receivable for the
three
months ended in Mar. 2024 was $6,628 Mil.
Hence, International Business Machines's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.18.
International Business Machines Receivables Turnover Historical Data
* 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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International Business Machines Receivables Turnover Chart
Competitive Comparison of International Business Machines's Receivables Turnover
For the Information Technology Services subindustry, International Business Machines'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.
International Business Machines's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, International Business Machines's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where International Business Machines's Receivables Turnover falls into.
International Business Machines Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
* 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.
International Business Machines (NYSE:IBM) 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.
International Business Machines Receivables Turnover Related Terms
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International Business Machines (International Business Machines) Business Description
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients—which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
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