Thinkific Labs (FRA:5S0) Receivables Turnover : 5.28 (As of Dec. 2023)

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What is Thinkific Labs 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. Thinkific Labs's Revenue for the three months ended in Dec. 2023 was €14.28 Mil. Thinkific Labs's average Accounts Receivable for the three months ended in Dec. 2023 was €2.71 Mil. Hence, Thinkific Labs's Receivables Turnover for the three months ended in Dec. 2023 was 5.28.

Thinkific Labs Receivables Turnover Historical Data

The historical data trend for Thinkific Labs'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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Thinkific Labs Receivables Turnover Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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41.78

40.51

37.95

29.36

22.42

Thinkific Labs Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial													5.27	5.98	5.81	5.48	5.28

Competitive Comparison of Thinkific Labs's Receivables Turnover

For the Software - Application subindustry, Thinkific Labs'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.

Thinkific Labs's Receivables Turnover Distribution in the Software Industry

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

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

Thinkific Labs Receivables Turnover Calculation

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

Thinkific Labs'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 )
=	54.153	/ (	(2.176	+	2.654)	/	2 )
=	54.153	/	2.415
=	22.42

Thinkific Labs'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14.281	/ (	(2.759	+	2.654)	/	2 )
=	14.281	/	2.7065
=	5.28

Thinkific Labs (FRA:5S0) 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.

Thinkific Labs Receivables Turnover Related Terms

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Thinkific Labs (FRA:5S0) Business Description

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THNCF:USA THNC:Canada

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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