TCYSF (Tecsys) Receivables Turnover : 2.04 (As of Oct. 2024)

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What is Tecsys 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. Tecsys's Revenue for the three months ended in Oct. 2024 was $30.9 Mil. Tecsys's average Accounts Receivable for the three months ended in Oct. 2024 was $15.1 Mil. Hence, Tecsys's Receivables Turnover for the three months ended in Oct. 2024 was 2.04.

Tecsys Receivables Turnover Historical Data

The historical data trend for Tecsys'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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Tecsys Receivables Turnover Chart

Tecsys Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Receivables Turnover

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6.14

7.41

8.07

7.43

7.56

Tecsys Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Receivables Turnover	Get a 7-Day Free Trial															1.80	1.95	1.86	2.02	2.04

Competitive Comparison of Tecsys's Receivables Turnover

For the Software - Application subindustry, Tecsys'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.

Tecsys's Receivables Turnover Distribution in the Software Industry

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

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

Tecsys Receivables Turnover Calculation

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

Tecsys's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Receivables Turnover (A: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2024 )	/ (	(Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Apr. 2024 ))	/	count )
=	125.232	/ (	(16.983	+	16.155)	/	2 )
=	125.232	/	16.569
=	7.56

Tecsys's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	30.851	/ (	(14.358	+	15.88)	/	2 )
=	30.851	/	15.119
=	2.04

Tecsys (OTCPK:TCYSF) 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.

Tecsys Receivables Turnover Related Terms

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Tecsys Business Description

Industry

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9T1:Germany TCS:Canada

Address

1 Place Alexis Nihon, Suite 800, Montreal, QC, CAN, H3Z 3B8

Website

https://www.tecsys.com

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use, and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada, Europe, and other regions.