CyberArk Software (STU:CYB) Receivables Turnover : 1.47 (As of Sep. 2024)

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What is CyberArk Software 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. CyberArk Software's Revenue for the three months ended in Sep. 2024 was €216.3 Mil. CyberArk Software's average Accounts Receivable for the three months ended in Sep. 2024 was €147.3 Mil. Hence, CyberArk Software's Receivables Turnover for the three months ended in Sep. 2024 was 1.47.

CyberArk Software Receivables Turnover Historical Data

The historical data trend for CyberArk Software'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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CyberArk Software Receivables Turnover Chart

CyberArk Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.22

5.37

5.04

5.21

4.84

CyberArk Software Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.72	1.45	1.36	1.53	1.47

Competitive Comparison of CyberArk Software's Receivables Turnover

For the Software - Infrastructure subindustry, CyberArk Software'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.

CyberArk Software's Receivables Turnover Distribution in the Software Industry

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

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

CyberArk Software Receivables Turnover Calculation

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

CyberArk Software'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 )
=	689.481	/ (	(114.051	+	170.995)	/	2 )
=	689.481	/	142.523
=	4.84

CyberArk Software's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	216.332	/ (	(144.97	+	149.707)	/	2 )
=	216.332	/	147.3385
=	1.47

CyberArk Software (STU:CYB) 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.

CyberArk Software Receivables Turnover Related Terms

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CyberArk Software Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CyberArk Software Ltd (STU:CYB) » Definitions » Receivables Turnover

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Address

9 Hapsagot Street, Park Ofer B, P.O. Box 3143, Petach Tikva, ISR, 4951040

Website

https://www.cyberark.com

CyberArk is a cybersecurity vendor focused on the identity market. The company's core privileged access management offering is a market leader within that subsegment, with more than half of the Fortune 500 CyberArk customers. The identity security vendor was founded in 1999 and has around 9,000 customers across various industries. While historically, CyberArk has sold its security solutions primarily via on-premises licenses, over the past few years, it has transitioned to a subscription, recurring revenue model.