Pivotree (STU:8AV0) Receivables Turnover : 1.90 (As of Dec. 2023)

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What is Pivotree 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. Pivotree's Revenue for the three months ended in Dec. 2023 was €14.38 Mil. Pivotree's average Accounts Receivable for the three months ended in Dec. 2023 was €7.58 Mil. Hence, Pivotree's Receivables Turnover for the three months ended in Dec. 2023 was 1.90.

Pivotree Receivables Turnover Historical Data

The historical data trend for Pivotree'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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Pivotree Receivables Turnover Chart

Pivotree Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

7.52

8.09

6.30

6.44

6.47

Pivotree Quarterly Data
	Sep19	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													1.44	1.56	1.57	1.62	1.90

Competitive Comparison of Pivotree's Receivables Turnover

For the Information Technology Services subindustry, Pivotree'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.

Pivotree's Receivables Turnover Distribution in the Software Industry

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

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

Pivotree Receivables Turnover Calculation

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

Pivotree'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 )
=	61.383	/ (	(11.801	+	7.172)	/	2 )
=	61.383	/	9.4865
=	6.47

Pivotree'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 )
=	14.375	/ (	(7.979	+	7.172)	/	2 )
=	14.375	/	7.5755
=	1.90

Pivotree (STU:8AV0) 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.

Pivotree Receivables Turnover Related Terms

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Pivotree (STU:8AV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pivotree Inc (STU:8AV0) » Definitions » Receivables Turnover

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PVTRF:USA PVT:Canada

Address

6300 Northam Drive, Mississauga, ON, CAN, L4V 1H7

Website

https://www.pivotree.com

Pivotree Inc Company designs, integrates, deploys, and manages digital platforms in Commerce, Data Management and Supply Chain for major retail and branded manufacturers throughout the world. Pivotree provides the technical skills necessary to enable the effective use of technologies combined with the business context to leverage a solution to solve clients' business challenges. Pivotree's portfolio of products, managed and professional services help provide B2B2C digital businesses with end-to-end service to manage complex digital commerce platforms. It operates in two segments: professional and managed services. Pivotree serves market-leading brands and forward-thinking B2C and B2B companies, including many Fortune 1000. The majority of its revenue comes from North America.

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