STTTF (Splitit Payments) Receivables Turnover: 0.08 (As of Jun. 2023)


STTTF Splitit Payments Ltd STTTF
12 GF Score
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What is Splitit Payments Receivables Turnover?

Splitit Payments STTTF 12 Receivables Turnover is 0.08 as of Jun. 2023. GuruFocus rates STTTF with a GF Score™ of 12/100.

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. Splitit Payments's Revenue for the six months ended in Jun. 2023 was $5.76 Mil. Splitit Payments's average Accounts Receivable for the six months ended in Jun. 2023 was $67.99 Mil. Hence, Splitit Payments's Receivables Turnover for the six months ended in Jun. 2023 was 0.08.

Splitit Payments  (OTCPK:STTTF) 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.

Splitit Payments Receivables Turnover Related Terms

Splitit Payments Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Splitit Payments'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.

Splitit Payments Receivables Turnover Chart

Splitit Payments Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Receivables Turnover
0.32 0.23 0.17 0.15

Splitit Payments Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.08 0.08 0.08 0.08

STTTF vs MSFT, ORCL, ADBE: Receivables Turnover Comparison

For the Software - Infrastructure subindustry, Splitit Payments'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.

Splitit Payments Receivables Turnover vs Software Industry

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

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


STTTF
12GF Score
Splitit Payments Ltd STTTF
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Splitit Payments Receivables Turnover Calculation

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

Splitit Payments's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=10.59 / ((74.143 + 71.114) / 2 )
=10.59 / 72.6285
=0.15

Splitit Payments's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=5.756 / ((71.114 + 64.867) / 2 )
=5.756 / 67.9905
=0.08

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.08 mean?
Splitit Payments (STTTF) has a Receivables Turnover of 0.08 as of Jun. 2023. The accounts 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. View historical data on Splitit Payments and its competitors.
Is Splitit Payments' Receivables Turnover too high?
Splitit Payments' current Receivables Turnover is 0.08. The Software industry median Receivables Turnover is 5.69. Splitit Payments' value of 0.08 is 98.6% below this industry median. Overall, Splitit Payments has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Splitit Payments' Receivables Turnover compare to MSFT and ORCL?
Splitit Payments' Receivables Turnover of 0.08 can be compared against companies in the Software industry. The industry median Receivables Turnover is 5.69. Splitit Payments' value of 0.08 is 98.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.69, based on 2,769 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Splitit Payments's current Receivables Turnover of 0.08 is 98.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Splitit Payments and its competitors. For the Software industry, the median Receivables Turnover is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Splitit Payments's current Receivables Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Splitit Payments stock overvalued right now?
Splitit Payments (STTTF) has a current Receivables Turnover of 0.08. The current Receivables Turnover is 0.08 and 98.6% below the Software industry median of 5.69. Splitit Payments' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Splitit Payments (STTTF), the current Receivables Turnover is 0.08 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Splitit Payments Business Description

Address 32 HaArba\'a Street, Tel Aviv, ISR, 6473970
Splitit Payments Ltd is a cross-border payment solution enabling customers to pay for purchases with an existing debit or credit card by splitting the purchase into fee and interest-free monthly installments, without the need for registration, application, or approval. Splitit operates in three geographical regions: North America, the United Kingdom & Europe, and Australia.
12GF Score

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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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