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. Duolingo's Revenue for the
three
months ended in Dec. 2023 was $151.0 Mil. Duolingo's average Accounts Receivable for the
three
months ended in Dec. 2023 was $75.3 Mil.
Hence, Duolingo's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.00.
Duolingo Receivables Turnover Historical Data
The historical data trend for Duolingo'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 Duolingo's Receivables Turnover
For the Software - Application subindustry, Duolingo'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.
Duolingo's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Duolingo's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Duolingo's Receivables Turnover falls into.
Duolingo Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Duolingo's Receivables Turnover for the fiscal year that ended in Dec. 2023 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.
Duolingo Receivables Turnover Related Terms
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Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.
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