Procore Technologies (Procore Technologies) Receivables Turnover : 1.56 (As of Mar. 2024)

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What is Procore Technologies 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. Procore Technologies's Revenue for the three months ended in Mar. 2024 was $269 Mil. Procore Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was $173 Mil. Hence, Procore Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.56.

Procore Technologies Receivables Turnover Historical Data

The historical data trend for Procore Technologies'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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Procore Technologies Receivables Turnover Chart

Procore Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.12

5.89

5.37

5.48

5.35

Procore Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.68	1.97	1.83	1.48	1.56

Competitive Comparison of Procore Technologies's Receivables Turnover

For the Software - Application subindustry, Procore Technologies'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.

Procore Technologies's Receivables Turnover Distribution in the Software Industry

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

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

Procore Technologies Receivables Turnover Calculation

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

Procore Technologies'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 )
=	950.01	/ (	(148.683	+	206.644)	/	2 )
=	950.01	/	177.6635
=	5.35

Procore Technologies'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 )
=	269.428	/ (	(206.644	+	138.996)	/	2 )
=	269.428	/	172.82
=	1.56

Procore Technologies (NYSE:PCOR) 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.

Procore Technologies Receivables Turnover Related Terms

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Procore Technologies (Procore Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Procore Technologies Inc (NYSE:PCOR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

5PT:Germany 5PT:Germany P2CO34:Brazil

Address

6309 Carpinteria Avenue, Carpinteria, CA, USA, 93013

Website

https://www.procore.com

Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics.

Executives

O Connor Kevin J	director	C/O DOUBLECLICK INC., 111 EIGHTH AVENUE, NEW YORK NY 10011
Benjamin C Singer	officer: Chief Legal Officer; Secretary	5 CROSBY STREET, NEW YORK NY 10013
Howard Fu	officer: CFO & Treasurer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Courtemanche Craig F. Jr.	director, officer: Chief Executive Officer, other: Chairman of the Board	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Nanci Caldwell	director	C/O DELTEK, INC., 2291 WOOD OAK DRIVE, HERNDON VA 20171
Iconiq Strategic Partners Ii, L.p.	10 percent owner	50 BEALE ST., STE 2300, SAN FRANCISCO CA 94105
Griffith William J.g.	director, 10 percent owner	21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Joy Driscoll Durling	officer: Chief Data Officer	772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Steven Scott Davis	officer: President Product & Technology	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Fleming William Fred Jr	officer: VP, Corporate Controller	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Kathryn Bueker	director	C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Graham Smith	director	301 BRANNMAN ST, SAN FRANCISCO CA 94107
Paul Lyandres	officer: Chief Financial Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Dennis Lyandres	officer: Chief Revenue Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013