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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. SPS Commerce's Revenue for the
three
months ended in Jun. 2026 was €171.7 Mil. SPS Commerce's average Accounts Receivable for the
three
months ended in Jun. 2026 was €55.8 Mil.
Hence, SPS Commerce's Receivables Turnover for the
three
months ended in Jun. 2026 was 3.08.
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.
SPS Commerce Receivables Turnover Related Terms
SPS Commerce Receivables Turnover Historical Data
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The historical data trend for SPS Commerce'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.
STU:S86 vs PLUS, PDFS, INTA: Receivables Turnover Comparison
For the Software - Application subindustry, SPS Commerce'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.
SPS Commerce Receivables Turnover vs Software Industry
For the Software industry and Technology sector, SPS Commerce's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SPS Commerce's Receivables Turnover falls into.
* 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.
SPS Commerce (STU:S86) has a Receivables Turnover of 3.08 as of Jun. 2026. 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 SPS Commerce and its competitors. According to the industry distribution chart, SPS Commerce ranks #473 out of 2783 companies in the Software industry, placing it in the top 17%.
Is SPS Commerce's Receivables Turnover too high?
SPS Commerce's current Receivables Turnover is 3.08. The Software industry median Receivables Turnover is 5.96. SPS Commerce's value of 3.08 is 48.3% below this industry median. Based on the distribution chart, SPS Commerce ranks #473 out of 2783 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, SPS Commerce has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's Receivables Turnover compare to PLUS and PDFS?
According to the Software industry distribution chart, SPS Commerce ranks #473 out of 2783 companies for Receivables Turnover. This places SPS Commerce in the top 17% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.96. SPS Commerce's value of 3.08 is 48.3% 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 5.96, based on 2,783 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. SPS Commerce's current Receivables Turnover of 3.08 is 48.3% 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 SPS Commerce and its competitors. For the Software industry, the median Receivables Turnover is 5.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPS Commerce's current Receivables Turnover is 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (STU:S86) is currently considered Significantly Undervalued. The stock's GF Value™ is €154.21, compared to a current price of €68.66 — trading 55.5% below its estimated fair value. The current Receivables Turnover is 3.08 and 48.3% below the Software industry median of 5.96. SPS Commerce's overall GF Score™ is 83/100 with 1 warning sign to review. 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 SPS Commerce (STU:S86), the current Receivables Turnover is 3.08 as of Jun. 2026. 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.
Is SPS Commerce (STU:S86) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of €68.66 is trading 55.5% below its estimated GF Value™ of €154.21.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for STU:S86:
Receivables Turnover: 3.08
GF Value™: €154.21 vs. price of €68.66 (55.5% below fair value)
Industry Position: 48.3% below the Software median (#473 of 2783)
No single metric tells the full story. See the STU:S86 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
83GF Score
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