Q4 (TSX:QFOR) Receivables Turnover : 2.04 (As of Sep. 2023)

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What is Q4 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. Q4's Revenue for the three months ended in Sep. 2023 was C$19.85 Mil. Q4's average Accounts Receivable for the three months ended in Sep. 2023 was C$9.74 Mil. Hence, Q4's Receivables Turnover for the three months ended in Sep. 2023 was 2.04.

Q4 Receivables Turnover Historical Data

The historical data trend for Q4'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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Q4 Receivables Turnover Chart

Q4 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

5.88

5.99

5.93

6.10

Q4 Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial											1.67	1.58	1.45	1.45	2.04

Competitive Comparison of Q4's Receivables Turnover

For the Software - Application subindustry, Q4'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.

Q4's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Q4's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Q4's Receivables Turnover falls into.

Q4 Receivables Turnover Calculation

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

Q4's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	76.178	/ (	(11.666	+	13.321)	/	2 )
=	76.178	/	12.4935
=	6.10

Q4's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	19.851	/ (	(13.637	+	5.851)	/	2 )
=	19.851	/	9.744
=	2.04

Q4 (TSX:QFOR) 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.

Q4 Receivables Turnover Related Terms

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Q4 (TSX:QFOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Q4 Inc (TSX:QFOR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

I1F:Germany

Address

469-A King Street West, Toronto, ON, CAN, M5V 1K4

Website

https://www.q4inc.com

Q4 Inc is a provider of a capital markets communication software platform. It offers a broad suite of products to publicly listed companies, investment managers and investment banks along with a variety of workflows, including investor relations, corporate access, deal management and research. The company's cloud-based software platform of products provides corporate customers with critical technology infrastructure and data that may be used to support their investor relations teams through website, virtual events, CRM and analytics products. The group delivers services primarily over the internet on a subscription basis using the software-as-a-service (SaaS) model. It derives revenue from Canada, the U.S., Europe and Other countries, of which a majority of revenue is derived from the U.S.

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