Expensify (Expensify) Receivables Turnover : 2.45 (As of Mar. 2024)

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What is Expensify 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. Expensify's Revenue for the three months ended in Mar. 2024 was $33.5 Mil. Expensify's average Accounts Receivable for the three months ended in Mar. 2024 was $13.7 Mil. Hence, Expensify's Receivables Turnover for the three months ended in Mar. 2024 was 2.45.

Expensify Receivables Turnover Historical Data

The historical data trend for Expensify'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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Expensify Receivables Turnover Chart

Expensify Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

10.07

9.78

11.10

10.54

9.95

Expensify Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												2.49	2.54	2.48	2.48	2.45

Competitive Comparison of Expensify's Receivables Turnover

For the Software - Application subindustry, Expensify'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.

Expensify's Receivables Turnover Distribution in the Software Industry

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

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

Expensify Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	150.687	/ (	(16.448	+	13.834)	/	2 )
=	150.687	/	15.141
=	9.95

Expensify's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	33.535	/ (	(13.834	+	13.557)	/	2 )
=	33.535	/	13.6955
=	2.45

Expensify (NAS:EXFY) 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.

Expensify Receivables Turnover Related Terms

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Expensify (Expensify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expensify Inc (NAS:EXFY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Southwest 5th Avenue, Portland, OR, USA, 97204

Website

https://www.expensify.com

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Over 12 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Executives

Anuradha Muralidharan	director, officer: Chief Operating Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Jason Fahr Mills	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Daniel Vidal	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
David Michael Barrett	director, officer: Chief Executive Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Ryan Schaffer	director, officer: Chief Financial Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Timothy L Christen	director	715 SOUTH STREET, MAYVILLE WI 53050
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Ying Liu	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Sf Roofdeck Gp Llc	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Steven J. Mclaughlin Revocable Trust	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Exp 2020 Spv Lp	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Openview Management, Llc	10 percent owner	C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
David Martirano	other: See Remarks	50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Demartini James G B Iii	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065
Unameit Trust Under Declaration Of Trust Dated March 10, 2000	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065