CTSDF (Converge Technology Solutions) Receivables Turnover : 0.75 (As of Dec. 2024)

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What is Converge Technology Solutions 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. Converge Technology Solutions's Revenue for the three months ended in Dec. 2024 was $478 Mil. Converge Technology Solutions's average Accounts Receivable for the three months ended in Dec. 2024 was $637 Mil. Hence, Converge Technology Solutions's Receivables Turnover for the three months ended in Dec. 2024 was 0.75.

Converge Technology Solutions Receivables Turnover Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Receivables Turnover Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.51

3.76

4.05

4.22

3.13

Converge Technology Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.92	0.87	0.76	0.77	0.75

Competitive Comparison of Converge Technology Solutions's Receivables Turnover

For the Information Technology Services subindustry, Converge Technology Solutions'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.

Converge Technology Solutions's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Converge Technology Solutions's Receivables Turnover falls into.

Converge Technology Solutions Receivables Turnover Calculation

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

Converge Technology Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1819.387	/ (	(459.257	+	702.304)	/	2 )
=	1819.387	/	580.7805
=	3.13

Converge Technology Solutions's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	477.84	/ (	(572.144	+	702.304)	/	2 )
=	477.84	/	637.224
=	0.75

Converge Technology Solutions (OTCPK:CTSDF) 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.

Converge Technology Solutions Receivables Turnover Related Terms

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Converge Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (OTCPK:CTSDF) » Definitions » Receivables Turnover

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0ZB:Germany CTS:Canada

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2S1

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has three operating segments: North America, Germany, and UK.