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Ibotta (Ibotta) Receivables Turnover : 0.38 (As of Mar. 2024)


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What is Ibotta 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. Ibotta's Revenue for the three months ended in Mar. 2024 was $82.33 Mil. Ibotta's average Accounts Receivable for the three months ended in Mar. 2024 was $216.44 Mil. Hence, Ibotta's Receivables Turnover for the three months ended in Mar. 2024 was 0.38.

Ibotta Receivables Turnover Historical Data

The historical data trend for Ibotta'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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Ibotta Receivables Turnover Chart

Ibotta Annual Data
Trend Dec22 Dec23
Receivables Turnover
1.73 1.84

Ibotta Quarterly Data
Dec22 Mar23 Dec23 Mar24
Receivables Turnover - 0.47 - 0.38

Competitive Comparison of Ibotta's Receivables Turnover

For the Software - Application subindustry, Ibotta'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.

Ibotta's Receivables Turnover Distribution in the Software Industry

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

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


Ibotta Receivables Turnover Calculation

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

Ibotta'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 )
=320.037 / ((121.558 + 226.439) / 2 )
=320.037 / 173.9985
=1.84

Ibotta'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 )
=82.327 / ((226.439 + 206.433) / 2 )
=82.327 / 216.436
=0.38

* 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.

Ibotta  (NYSE:IBTA) 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.

Ibotta Receivables Turnover Related Terms

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Ibotta (Ibotta) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ibotta Inc (NYSE:IBTA) » Definitions » Receivables Turnover
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Address
1801 California Street, Suite 400, Denver, CO, USA, 80202
Website
https://www.home.ibotta.com
Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN).