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. Aspen Technology's Revenue for the
three
months ended in Sep. 2024 was $216 Mil. Aspen Technology's average Accounts Receivable for the
three
months ended in Sep. 2024 was $109 Mil.
Hence, Aspen Technology's Receivables Turnover for the
three
months ended in Sep. 2024 was 1.98.
Aspen Technology Receivables Turnover Historical Data
The historical data trend for Aspen Technology'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 Aspen Technology's Receivables Turnover
For the Software - Application subindustry, Aspen Technology'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.
Aspen Technology's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Aspen Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Aspen Technology's Receivables Turnover falls into.
Aspen Technology Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Aspen Technology's Receivables Turnover for the fiscal year that ended in Jun. 2024 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.
Aspen Technology Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Aspen Technology's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
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