The Descartes Systems Group (The Descartes Systems Group) Receivables Turnover : 3.10 (As of Jan. 2024)

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What is The Descartes Systems Group 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. The Descartes Systems Group's Revenue for the three months ended in Jan. 2024 was $148.2 Mil. The Descartes Systems Group's average Accounts Receivable for the three months ended in Jan. 2024 was $47.9 Mil. Hence, The Descartes Systems Group's Receivables Turnover for the three months ended in Jan. 2024 was 3.10.

The Descartes Systems Group Receivables Turnover Historical Data

The historical data trend for The Descartes Systems Group'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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The Descartes Systems Group Receivables Turnover Chart

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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9.78

9.64

10.76

11.19

11.84

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.75	2.87	2.70	2.88	3.10

Competitive Comparison of The Descartes Systems Group's Receivables Turnover

For the Software - Application subindustry, The Descartes Systems Group'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.

The Descartes Systems Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, The Descartes Systems Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Descartes Systems Group's Receivables Turnover falls into.

The Descartes Systems Group Receivables Turnover Calculation

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

The Descartes Systems Group's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	572.931	/ (	(45.173	+	51.569)	/	2 )
=	572.931	/	48.371
=	11.84

The Descartes Systems Group's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	148.226	/ (	(44.143	+	51.569)	/	2 )
=	148.226	/	47.856
=	3.10

The Descartes Systems Group (NAS:DSGX) 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.

The Descartes Systems Group Receivables Turnover Related Terms

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The Descartes Systems Group (The Descartes Systems Group) Business Description

Industry

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DC2:Germany DC2:Germany DSG:Canada

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.