Radware (Radware) Receivables Turnover : 3.98 (As of Dec. 2023)

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What is Radware 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. Radware's Revenue for the three months ended in Dec. 2023 was $65.0 Mil. Radware's average Accounts Receivable for the three months ended in Dec. 2023 was $16.3 Mil. Hence, Radware's Receivables Turnover for the three months ended in Dec. 2023 was 3.98.

Radware Receivables Turnover Historical Data

The historical data trend for Radware'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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Radware Receivables Turnover Chart

Radware Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.67

19.07

18.97

13.75

Radware Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.76	3.78	3.69	4.22	3.98

Competitive Comparison of Radware's Receivables Turnover

For the Software - Infrastructure subindustry, Radware'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.

Radware's Receivables Turnover Distribution in the Software Industry

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

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

Radware Receivables Turnover Calculation

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

Radware'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 )
=	261.292	/ (	(17.752	+	20.267)	/	2 )
=	261.292	/	19.0095
=	13.75

Radware'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	65.032	/ (	(12.372	+	20.267)	/	2 )
=	65.032	/	16.3195
=	3.98

Radware (NAS:RDWR) 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.

Radware Receivables Turnover Related Terms

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Radware (Radware) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Radware Ltd (NAS:RDWR) » Definitions » Receivables Turnover

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Address

22 Raoul Wallenberg Street, Tel Aviv, ISR, 6971917

Website

https://www.radware.com

Radware Ltd develops and sells a broad portfolio of network products including physical and virtual application delivery controllers, web application firewalls, intrusion prevention systems, and other security products geared toward large enterprise and service provider segments. It offers an infrastructure that supports our DDoS scrubbing center services, WAF and bot management cloud-based services. In addition, It provides other services through the cloud, such as Cloud Workload Protect and Content Delivery Network.