Enghouse Systems (TSX:ENGH) Receivables Turnover : 1.12 (As of Jan. 2024)

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What is Enghouse Systems 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. Enghouse Systems's Revenue for the three months ended in Jan. 2024 was C$120.5 Mil. Enghouse Systems's average Accounts Receivable for the three months ended in Jan. 2024 was C$107.4 Mil. Hence, Enghouse Systems's Receivables Turnover for the three months ended in Jan. 2024 was 1.12.

Enghouse Systems Receivables Turnover Historical Data

The historical data trend for Enghouse Systems'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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Enghouse Systems Receivables Turnover Chart

Enghouse Systems Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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5.25

5.73

5.19

4.69

4.87

Enghouse Systems Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.07	1.05	1.10	1.33	1.12

Competitive Comparison of Enghouse Systems's Receivables Turnover

For the Software - Application subindustry, Enghouse Systems'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.

Enghouse Systems's Receivables Turnover Distribution in the Software Industry

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

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

Enghouse Systems Receivables Turnover Calculation

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

Enghouse Systems's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	454.022	/ (	(93.104	+	93.383)	/	2 )
=	454.022	/	93.2435
=	4.87

Enghouse Systems's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	120.489	/ (	(93.383	+	121.391)	/	2 )
=	120.489	/	107.387
=	1.12

Enghouse Systems (TSX:ENGH) 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.

Enghouse Systems Receivables Turnover Related Terms

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Enghouse Systems (TSX:ENGH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Enghouse Systems Ltd (TSX:ENGH) » Definitions » Receivables Turnover

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EGHSF:USA

Address

80 Tiverton Court, Suite 800, Markham, ON, CAN, L3R 0G4

Website

https://www.enghouse.com

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. It earns majority of its revenue from Interactive Management Group. The firm has operations in Canada, the United States, the United Kingdom, Europe, excluding Scandinavia, Germany, Asia-Pacific and other.