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. Kforce's Revenue for the
three
months ended in Dec. 2023 was $363 Mil. Kforce's average Accounts Receivable for the
three
months ended in Dec. 2023 was $241 Mil.
Hence, Kforce's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.51.
Kforce Receivables Turnover Historical Data
The historical data trend for Kforce'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 Kforce's Receivables Turnover
For the Staffing & Employment Services subindustry, Kforce'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.
Kforce's Receivables Turnover Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Kforce's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Kforce's Receivables Turnover falls into.
Kforce Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Kforce'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.
Kforce Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Kforce's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kforce Inc provides professional and technical specialty staffing services and solutions. The company operates two business segments: 1) technology segment where the company provides talent solutions with candidates skilled in areas including systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. 2) FA segment where the company offers consultants in traditional finance and accounting roles such as finance, planning and analysis; business intelligence analysis; general accounting; transactional accounting business and cost analysis; and taxation and treasury. The majority of revenue is earned through the technology segment.
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