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Sylogist (TSX:SYZ) Receivables Turnover : 1.44 (As of Dec. 2024)


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What is Sylogist 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. Sylogist's Revenue for the three months ended in Dec. 2024 was C$15.33 Mil. Sylogist's average Accounts Receivable for the three months ended in Dec. 2024 was C$10.67 Mil. Hence, Sylogist's Receivables Turnover for the three months ended in Dec. 2024 was 1.44.


Sylogist Receivables Turnover Historical Data

The historical data trend for Sylogist'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.

* Premium members only.

Sylogist Receivables Turnover Chart

Sylogist Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.54 22.29 20.46 11.50 6.83

Sylogist Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.58 1.88 1.96 1.54 1.44

Competitive Comparison of Sylogist's Receivables Turnover

For the Software - Application subindustry, Sylogist'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.


Sylogist's Receivables Turnover Distribution in the Software Industry

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

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


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Sylogist Receivables Turnover Calculation

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

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

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=65.599 / ((9.517 + 9.685) / 2 )
=65.599 / 9.601
=6.83

Sylogist's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=15.331 / ((11.656 + 9.685) / 2 )
=15.331 / 10.6705
=1.44

* 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.


Sylogist  (TSX:SYZ) 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.


Sylogist Receivables Turnover Related Terms

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Sylogist Business Description

Traded in Other Exchanges
Address
5 Richard Way South West, Suite 102, Calgary, AB, CAN, T3E 7M8
Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided inti verticals, namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America.
Executives
William Craig Wood Director
Donna Smiley Senior Officer
Grant Mclarnon Senior Officer
Taylor Gray Director
Tracy Edkins Director
Errol Olsen Director
Sujeet Kini Senior Officer
Xavier Shorter Senior Officer
Craig O'neill Director
Ian Murray Mckinnon Director
David Elder Senior Officer
James Townsend Senior Officer
Lester Fernandes Director
Barry Foster Director
Sylogist Ltd. Issuer

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