Route1 (Route1) Receivables Turnover : 2.15 (As of Mar. 2024)

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What is Route1 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. Route1's Revenue for the three months ended in Mar. 2024 was $2.98 Mil. Route1's average Accounts Receivable for the three months ended in Mar. 2024 was $1.38 Mil. Hence, Route1's Receivables Turnover for the three months ended in Mar. 2024 was 2.15.

Route1 Receivables Turnover Historical Data

The historical data trend for Route1'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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Route1 Receivables Turnover Chart

Route1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.07

7.30

7.08

6.75

9.00

Route1 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															2.19	1.83	1.78	1.82	2.15

Competitive Comparison of Route1's Receivables Turnover

For the Software - Application subindustry, Route1'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.

Route1's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Route1's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Route1's Receivables Turnover falls into.

Route1 Receivables Turnover Calculation

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

Route1'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 )
=	13.102	/ (	(1.371	+	1.54)	/	2 )
=	13.102	/	1.4555
=	9.00

Route1'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 )
=	2.979	/ (	(1.54	+	1.228)	/	2 )
=	2.979	/	1.384
=	2.15

Route1 (OTCPK:ROIUF) 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.

Route1 Receivables Turnover Related Terms

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Route1 (Route1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Route1 Inc (OTCPK:ROIUF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3R6N:Germany ROI:Canada

Address

8 King Street East, Suite 600, Toronto, ON, CAN, M5C 1B5

Website

https://www.route1.com

Route1 Inc is a company which delivers security and identity management solutions to enterprises including businesses, government, and military which requires universal, secure access to all digital resources and sensitive data. The company's solutions enable the workforce to be more productive and more flexible without compromising system access, data-at-rest, or data-in-use. Its suite of patented enterprise security solutions combines authentication, data security and secure communications with streamlined administration tools, running on a proven, trusted infrastructure. The company operates its business in US and Canada. Most of the company's revenue comes from the US.