CounterPath (TSX:PATH) Receivables Turnover : 1.71 (As of Oct. 2020)

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What is CounterPath 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. CounterPath's Revenue for the three months ended in Oct. 2020 was C$4.77 Mil. CounterPath's average Accounts Receivable for the three months ended in Oct. 2020 was C$2.80 Mil. Hence, CounterPath's Receivables Turnover for the three months ended in Oct. 2020 was 1.71.

CounterPath Receivables Turnover Historical Data

The historical data trend for CounterPath'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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CounterPath Receivables Turnover Chart

CounterPath Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Receivables Turnover

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3.47

4.11

4.30

4.13

5.57

CounterPath Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Receivables Turnover	Get a 7-Day Free Trial															1.72	1.94	2.10	1.48	1.71

Competitive Comparison of CounterPath's Receivables Turnover

For the Software - Application subindustry, CounterPath'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.

CounterPath's Receivables Turnover Distribution in the Software Industry

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

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

CounterPath Receivables Turnover Calculation

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

CounterPath's Receivables Turnover for the fiscal year that ended in Apr. 2020 is calculated as

	Receivables Turnover (A: Apr. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2020 )	/ (	(Accounts Receivable (A: Apr. 2019 )	+	Accounts Receivable (A: Apr. 2020 ))	/	count )
=	16.999	/ (	(2.511	+	3.588)	/	2 )
=	16.999	/	3.0495
=	5.57

CounterPath's Receivables Turnover for the quarter that ended in Oct. 2020 is calculated as

	Receivables Turnover (Q: Oct. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2020 )	/ (	(Accounts Receivable (Q: Jul. 2020 )	+	Accounts Receivable (Q: Oct. 2020 ))	/	count )
=	4.774	/ (	(2.655	+	2.936)	/	2 )
=	4.774	/	2.7955
=	1.71

CounterPath (TSX:PATH) 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.

CounterPath Receivables Turnover Related Terms

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CounterPath (TSX:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CounterPath Corp (TSX:PATH) » Definitions » Receivables Turnover

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N/A

Address

505 Burrard Street, Suite 300, One Bentall Centre, Vancouver, BC, CAN, V7X 1M3

Website

https://www.counterpath.com

CounterPath Corp designs develop and sell software and services that enable enterprises and telecommunication service providers to deliver Unified Communications (UC) services, including voice, video, messaging, and collaboration functionality. Its activities consisted primarily of selling IP telephony software and related services to telecom service providers, enterprises, and channel partners serving the telecom and enterprise segments.