Cirata (Cirata) Receivables Turnover : 2.63 (As of Dec. 2023)

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What is Cirata 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. Cirata's Revenue for the six months ended in Dec. 2023 was $3.70 Mil. Cirata's average Accounts Receivable for the six months ended in Dec. 2023 was $1.41 Mil. Hence, Cirata's Receivables Turnover for the six months ended in Dec. 2023 was 2.63.

Cirata Receivables Turnover Historical Data

The historical data trend for Cirata'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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Cirata Receivables Turnover Chart

Cirata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.05

2.60

2.25

8.73

4.76

Cirata Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.49	0.85	0.57	2.87	2.63

Competitive Comparison of Cirata's Receivables Turnover

For the Software - Application subindustry, Cirata'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.

Cirata's Receivables Turnover Distribution in the Software Industry

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

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

Cirata Receivables Turnover Calculation

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

Cirata'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 )
=	6.695	/ (	(1.038	+	1.775)	/	2 )
=	6.695	/	1.4065
=	4.76

Cirata's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3.703	/ (	(1.046	+	1.775)	/	2 )
=	3.703	/	1.4105
=	2.63

Cirata (OTCPK:WANSF) 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.

Cirata Receivables Turnover Related Terms

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Cirata (Cirata) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cirata Plc (OTCPK:WANSF) » Definitions » Receivables Turnover

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Address

1-13 Angel Street, Castle House, Sheffield, GBR, S3 8LN

Website

https://www.cirata.com

Cirata Plc is a provider of collaboration software to the software development industry. It offers Active Data Replication, a patented technology that enables the replication of continuously changing data to the cloud and on-premises data centers. The company primarily serves the big data and source code management markets. In addition, the company offers cloud migration, cloud replication, data lakes, developer collaboration, real-time analytics, and the internet of things. The company currently operates in three geographical markets: North America, Europe, and the Rest of the World. The company's largest end market by revenue in North America.