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. AppFolio's Revenue for the
three
months ended in Dec. 2023 was $171.8 Mil. AppFolio's average Accounts Receivable for the
three
months ended in Dec. 2023 was $20.5 Mil.
Hence, AppFolio's Receivables Turnover for the
three
months ended in Dec. 2023 was 8.37.
AppFolio Receivables Turnover Historical Data
The historical data trend for AppFolio'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 AppFolio's Receivables Turnover
For the Software - Application subindustry, AppFolio'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.
AppFolio's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, AppFolio's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where AppFolio's Receivables Turnover falls into.
AppFolio Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
AppFolio'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.
AppFolio Receivables Turnover Related Terms
Thank you for viewing the detailed overview of AppFolio's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
AppFolio Inc is a provider of cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. Its property management software provides small and medium-sized property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager); a cloud-based software solution for real estate investment managers that provides tools and services designed to manage investor relationships (Appfolio Investment Management). It also offers value-added services, such as Website design and electronic payment services. The business activity of the firm primarily functions through the United States and it derives revenue from the source of subscription fees.
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