CVGYY Receivables Turnover: 3.23 (As of Mar. 2026)


What is Converge Information And Communications Technology Solutions Receivables Turnover?

Converge Information And Communications Technology Solutions CVGYY 97 Receivables Turnover is 3.23 as of Mar. 2026. GuruFocus rates CVGYY with a GF Score™ of 97/100. The stock has 2 warning signs investors should review. Among 362 Telecommunication Services companies, Converge Information And Communications Technology Solutions ranks better than 77.62% on this metric.

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 Information And Communications Technology Solutions's Revenue for the three months ended in Mar. 2026 was $182.14 Mil. Converge Information And Communications Technology Solutions's average Accounts Receivable for the three months ended in Mar. 2026 was $56.40 Mil. Hence, Converge Information And Communications Technology Solutions's Receivables Turnover for the three months ended in Mar. 2026 was 3.23.

Converge Information And Communications Technology Solutions  (OTCPK:CVGYY) 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 Information And Communications Technology Solutions Receivables Turnover Related Terms

Converge Information And Communications Technology Solutions Receivables Turnover Historical Data

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The historical data trend for Converge Information And Communications 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.

Converge Information And Communications Technology Solutions Receivables Turnover Chart

Converge Information And Communications Technology Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial 10.81 11.55 12.69 13.71 13.04

Converge Information And Communications Technology Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.71 2.53 2.83 3.22 3.23

CVGYY vs TMUS, VZ, T: Receivables Turnover Comparison

For the Telecom Services subindustry, Converge Information And Communications 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 Information And Communications Technology Solutions Receivables Turnover vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Receivables Turnover distribution charts can be found below:

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


Converge Information And Communications Technology Solutions Receivables Turnover Calculation

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

Converge Information And Communications Technology Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=728.6 / ((54.904 + 56.867) / 2 )
=728.6 / 55.8855
=13.04

Converge Information And Communications Technology Solutions's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=182.143 / ((56.867 + 55.927) / 2 )
=182.143 / 56.397
=3.23

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 3.23 mean?
Converge Information And Communications Technology Solutions (CVGYY) has a Receivables Turnover of 3.23 as of Mar. 2026. The accounts 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. View historical data on Converge Information And Communications Technology Solutions and its competitors. According to the industry distribution chart, Converge Information And Communications Technology Solutions ranks #81 out of 362 companies in the Telecommunication Services industry, placing it in the top 22.4%.
Is Converge Information And Communications Technology Solutions' Receivables Turnover too high?
Converge Information And Communications Technology Solutions' current Receivables Turnover is 3.23. The Telecommunication Services industry median Receivables Turnover is 6.16. Converge Information And Communications Technology Solutions' value of 3.23 is 47.6% below this industry median. Based on the distribution chart, Converge Information And Communications Technology Solutions ranks #81 out of 362 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Converge Information And Communications Technology Solutions has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Converge Information And Communications Technology Solutions' Receivables Turnover compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Converge Information And Communications Technology Solutions ranks #81 out of 362 companies for Receivables Turnover. This places Converge Information And Communications Technology Solutions in the top 22% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.16. Converge Information And Communications Technology Solutions' value of 3.23 is 47.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Telecommunication Services company?
The median Receivables Turnover among Telecommunication Services companies is 6.16, based on 362 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Converge Information And Communications Technology Solutions's current Receivables Turnover of 3.23 is 47.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Converge Information And Communications Technology Solutions and its competitors. For the Telecommunication Services industry, the median Receivables Turnover is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Converge Information And Communications Technology Solutions's current Receivables Turnover is 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Converge Information And Communications Technology Solutions stock overvalued right now?
Converge Information And Communications Technology Solutions (CVGYY) has a current Receivables Turnover of 3.23. The current Receivables Turnover is 3.23 and 47.6% below the Telecommunication Services industry median of 6.16. Converge Information And Communications Technology Solutions' overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Converge Information And Communications Technology Solutions (CVGYY), the current Receivables Turnover is 3.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Converge Information And Communications Technology Solutions Business Description

Other Exchanges CNVRG:Philippines
Address Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009
Converge Information And Communications Technology Solutions Inc is a pure-play high-speed fixed broadband provider in the Philippines, with industry optical fiber-based connectivity services. Its singular focus on high-speed fixed broadband services is deeply ingrained in the organization and permeates all aspects of Converge's operations, including network rollout, product and service innovation, sales, and customer service. The company operates in two businesses, namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business. The company derives all its revenue from Philippines.