Topicus com (TSXV:TOI) Receivables Turnover : 2.50 (As of Dec. 2023)

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What is Topicus com 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. Topicus com's Revenue for the three months ended in Dec. 2023 was C$453 Mil. Topicus com's average Accounts Receivable for the three months ended in Dec. 2023 was C$181 Mil. Hence, Topicus com's Receivables Turnover for the three months ended in Dec. 2023 was 2.50.

Topicus com Receivables Turnover Historical Data

The historical data trend for Topicus com'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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Topicus com Receivables Turnover Chart

Topicus com Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.77

11.38

12.28

10.99

9.86

Topicus com Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												3.06	2.22	1.96	2.28	2.50

Competitive Comparison of Topicus com's Receivables Turnover

For the Software - Infrastructure subindustry, Topicus com'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.

Topicus com's Receivables Turnover Distribution in the Software Industry

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

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

Topicus com Receivables Turnover Calculation

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

Topicus com's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1645.871	/ (	(137.85	+	196.163)	/	2 )
=	1645.871	/	167.0065
=	9.86

Topicus com's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	453.028	/ (	(165.806	+	196.163)	/	2 )
=	453.028	/	180.9845
=	2.50

Topicus com (TSXV:TOI) 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.

Topicus com Receivables Turnover Related Terms

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Topicus com (TSXV:TOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Topicus com Inc (TSXV:TOI) » Definitions » Receivables Turnover

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TOITF:USA

Address

20 Adelaide Street East, Suite 1200, Toronto, ON, CAN, M5C 2T6

Website

https://www.topicus.com

Topicus com Inc is a provider of vertical market software and vertical market platforms to clients in the public and private sector. It acquires, builds, and manages leading software companies providing specialized, mission-critical, and high-impact software solutions that address the particular needs of customers. Substantial revenue is derived from maintenance and professional services offered by the firm.