archTIS (ASX:AR9) Receivables Turnover : 9.49 (As of Jun. 2024)

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What is archTIS 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. archTIS's Revenue for the six months ended in Jun. 2024 was A$4.13 Mil. archTIS's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.44 Mil. Hence, archTIS's Receivables Turnover for the six months ended in Jun. 2024 was 9.49.

archTIS Receivables Turnover Historical Data

The historical data trend for archTIS'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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archTIS Receivables Turnover Chart

archTIS Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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6.20

15.05

3.04

1.89

4.21

archTIS Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial								1.45	1.38	1.56	2.40	9.49

Competitive Comparison of archTIS's Receivables Turnover

For the Software - Application subindustry, archTIS'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.

archTIS's Receivables Turnover Distribution in the Software Industry

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

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

archTIS Receivables Turnover Calculation

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

archTIS's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	9.8	/ (	(4.25	+	0.407)	/	2 )
=	9.8	/	2.3285
=	4.21

archTIS's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	4.132	/ (	(0.464	+	0.407)	/	2 )
=	4.132	/	0.4355
=	9.49

archTIS (ASX:AR9) 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.

archTIS Receivables Turnover Related Terms

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archTIS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » archTIS Ltd (ASX:AR9) » Definitions » Receivables Turnover

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ARHLF:USA

Address

10 National Circuit, Level 3, archTIS House, Barton, Canberra, ACT, AUS, 2600

Website

https://www.archtis.com

archTIS Ltd is a Canberra-based firm. The company has consulted and developed cyber security and secure information sharing solutions for government agencies in Australia and elsewhere. These services are the backbone to the development of its commercial products, currently in development. It generates additional revenues from the commercial sales, licensing, and delivery of Kojensi and NC Protect, the company's software products that enable secure information sharing in the cloud and within organizations.

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