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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. Progress Technologies Group's Revenue for the
three
months ended in May. 2026 was 円1,534 Mil. Progress Technologies Group's average Accounts Receivable for the
three
months ended in May. 2026 was 円845 Mil.
Hence, Progress Technologies Group's Receivables Turnover for the
three
months ended in May. 2026 was 1.82.
Progress Technologies Group (TSE:339A) 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.
Progress Technologies Group Receivables Turnover Related Terms
Progress Technologies Group Receivables Turnover Historical Data
* 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.
Progress Technologies Group Receivables Turnover Chart
TSE:339A vs IBM, ACN, FISV: Receivables Turnover Comparison
For the Information Technology Services subindustry, Progress Technologies Group'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.
Progress Technologies Group Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Progress Technologies Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Progress Technologies Group'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.
Progress Technologies Group (TSE:339A) has a Receivables Turnover of 1.82 as of May. 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 Progress Technologies Group and its competitors. According to the industry distribution chart, Progress Technologies Group ranks #965 out of 2782 companies in the Software industry, placing it in the top 34.7%.
Is Progress Technologies Group's Receivables Turnover too high?
Progress Technologies Group's current Receivables Turnover is 1.82. The Software industry median Receivables Turnover is 5.81. Progress Technologies Group's value of 1.82 is 68.7% below this industry median. Based on the distribution chart, Progress Technologies Group ranks #965 out of 2782 companies in the Software industry, which is above the industry midpoint. Overall, Progress Technologies Group has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Progress Technologies Group's Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, Progress Technologies Group ranks #965 out of 2782 companies for Receivables Turnover. This puts Progress Technologies Group in the upper half of its industry. The industry median Receivables Turnover is 5.81. Progress Technologies Group's value of 1.82 is 68.7% 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 5.81, based on 2,782 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. Progress Technologies Group's current Receivables Turnover of 1.82 is 68.7% 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 Progress Technologies Group and its competitors. For the Software industry, the median Receivables Turnover is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Technologies Group's current Receivables Turnover is 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progress Technologies Group stock overvalued right now?
Progress Technologies Group (TSE:339A) has a current Receivables Turnover of 1.82. The current Receivables Turnover is 1.82 and 68.7% below the Software industry median of 5.81. Progress Technologies Group's overall GF Score™ is 19/100 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 Progress Technologies Group (TSE:339A), the current Receivables Turnover is 1.82 as of May. 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.
Progress Technologies Group Inc Providing cutting-edge technology at a one-stop service for the design and R&D departments of major manufacturing companies, and offering solutions that lead to successful digital transformation for companies.
19GF Score
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