Darktrace (Darktrace) Receivables Turnover : 3.49 (As of Dec. 2023)

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What is Darktrace 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. Darktrace's Revenue for the six months ended in Dec. 2023 was $330.3 Mil. Darktrace's average Accounts Receivable for the six months ended in Dec. 2023 was $94.7 Mil. Hence, Darktrace's Receivables Turnover for the six months ended in Dec. 2023 was 3.49.

Darktrace Receivables Turnover Historical Data

The historical data trend for Darktrace'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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Darktrace Receivables Turnover Chart

Darktrace Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.26

5.00

5.37

6.79

6.92

Darktrace Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						3.06	3.45	3.89	3.51	3.49

Competitive Comparison of Darktrace's Receivables Turnover

For the Software - Infrastructure subindustry, Darktrace'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.

Darktrace's Receivables Turnover Distribution in the Software Industry

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

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

Darktrace Receivables Turnover Calculation

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

Darktrace's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	545.43	/ (	(63.907	+	93.744)	/	2 )
=	545.43	/	78.8255
=	6.92

Darktrace'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	330.303	/ (	(93.744	+	95.557)	/	2 )
=	330.303	/	94.6505
=	3.49

Darktrace (OTCPK:DRKTF) 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.

Darktrace Receivables Turnover Related Terms

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Darktrace (Darktrace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Darktrace PLC (OTCPK:DRKTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DRKTY:USA DARKl:UK DARK:UK 7TJ:Germany

Address

Saint John’s Innovation Park, Cowley Road, Maurice Wilkes Building, Cambridge, GBR, CB4 0DS

Website

https://www.darktrace.com

Darktrace PLC is a provider of AI for the enterprise, with the first at-scale deployment of AI in cybersecurity. It is a pioneer of self-learning AI and is at the forefront of autonomous response technology. The Group's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT, and industrial control systems. Geographically, it derives a majority of revenue from the USA and Canada and also has a presence in the United Kingdom; Europe, and Rest of World.