SofTech (SofTech) Receivables Turnover : 1.27 (As of Nov. 2016)

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What is SofTech 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. SofTech's Revenue for the three months ended in Nov. 2016 was $0.64 Mil. SofTech's average Accounts Receivable for the three months ended in Nov. 2016 was $0.50 Mil. Hence, SofTech's Receivables Turnover for the three months ended in Nov. 2016 was 1.27.

SofTech Receivables Turnover Historical Data

The historical data trend for SofTech'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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SofTech Receivables Turnover Chart

SofTech Annual Data

Trend

May06

May07

May08

May09

May11

May12

May13

May14

May15

May16

Receivables Turnover

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7.73

7.70

6.42

6.29

7.85

SofTech Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Receivables Turnover	Get a 7-Day Free Trial															1.59	1.08	1.63	1.67	1.27

Competitive Comparison of SofTech's Receivables Turnover

For the Software - Application subindustry, SofTech'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.

SofTech's Receivables Turnover Distribution in the Software Industry

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

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

SofTech Receivables Turnover Calculation

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

SofTech's Receivables Turnover for the fiscal year that ended in May. 2016 is calculated as

	Receivables Turnover (A: May. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2016 )	/ (	(Accounts Receivable (A: May. 2015 )	+	Accounts Receivable (A: May. 2016 ))	/	count )
=	4.176	/ (	(0.587	+	0.477)	/	2 )
=	4.176	/	0.532
=	7.85

SofTech's Receivables Turnover for the quarter that ended in Nov. 2016 is calculated as

	Receivables Turnover (Q: Nov. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2016 )	/ (	(Accounts Receivable (Q: Aug. 2016 )	+	Accounts Receivable (Q: Nov. 2016 ))	/	count )
=	0.637	/ (	(0.637	+	0.368)	/	2 )
=	0.637	/	0.5025
=	1.27

SofTech (OTCPK:SOFT) 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.

SofTech Receivables Turnover Related Terms

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SofTech (SofTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SofTech Inc (OTCPK:SOFT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Suffolk Street, Suite 415, Lowell, MA, USA, 01854

Website

http://www.softech.com

SofTech Inc is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer-aided design, and product data management and collaboration technologies. In addition, the company offers a technology platform that allows data exchange between various third-party technology offerings known as the company's connector offering.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
J Phillip Cooper	director

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