Dropbox (WBO:DBX) Receivables Turnover : 9.21 (As of Sep. 2024)

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What is Dropbox 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. Dropbox's Revenue for the three months ended in Sep. 2024 was €576 Mil. Dropbox's average Accounts Receivable for the three months ended in Sep. 2024 was €62 Mil. Hence, Dropbox's Receivables Turnover for the three months ended in Sep. 2024 was 9.21.

Dropbox Receivables Turnover Historical Data

The historical data trend for Dropbox'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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Dropbox Receivables Turnover Chart

Dropbox Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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51.41

45.80

48.00

46.36

40.32

Dropbox Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															10.25	9.46	9.34	9.53	9.21

Competitive Comparison of Dropbox's Receivables Turnover

For the Software - Infrastructure subindustry, Dropbox'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.

Dropbox's Receivables Turnover Distribution in the Software Industry

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

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

Dropbox Receivables Turnover Calculation

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

Dropbox'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 )
=	2293.967	/ (	(50.787	+	62.998)	/	2 )
=	2293.967	/	56.8925
=	40.32

Dropbox's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	575.559	/ (	(62.336	+	62.62)	/	2 )
=	575.559	/	62.478
=	9.21

Dropbox (WBO:DBX) 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.

Dropbox Receivables Turnover Related Terms

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Dropbox Business Description

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Address

1800 Owens Street, San Francisco, CA, USA, 94158

Website

https://www.dropbox.com

Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing. Utilizing inorganic and organic means, the firm has been working on diversifying its product mix and pivoting away from the cloud-storage space.