Bigtincan Holdings (ASX:BTH) Receivables Turnover : 2.53 (As of Dec. 2023)

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What is Bigtincan Holdings 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. Bigtincan Holdings's Revenue for the six months ended in Dec. 2023 was A$59.3 Mil. Bigtincan Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$23.4 Mil. Hence, Bigtincan Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.53.

Bigtincan Holdings Receivables Turnover Historical Data

The historical data trend for Bigtincan Holdings'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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Bigtincan Holdings Receivables Turnover Chart

Bigtincan Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.42

5.36

4.29

6.43

5.83

Bigtincan Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									1.90	2.38	2.32	2.21	2.53

Competitive Comparison of Bigtincan Holdings's Receivables Turnover

For the Software - Application subindustry, Bigtincan Holdings'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.

Bigtincan Holdings's Receivables Turnover Distribution in the Software Industry

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

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

Bigtincan Holdings Receivables Turnover Calculation

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

Bigtincan Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	122.395	/ (	(18.834	+	23.126)	/	2 )
=	122.395	/	20.98
=	5.83

Bigtincan Holdings'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	59.303	/ (	(23.126	+	23.727)	/	2 )
=	59.303	/	23.4265
=	2.53

Bigtincan Holdings (ASX:BTH) 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.

Bigtincan Holdings Receivables Turnover Related Terms

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Bigtincan Holdings (ASX:BTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bigtincan Holdings Ltd (ASX:BTH) » Definitions » Receivables Turnover

Comparable Companies

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BTGHF:USA

Address

320 Pitt Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.bigtincan.com

Bigtincan Holdings Ltd is a provider of enterprise mobility software, which enables sales and service organisations to increase sales and improve customer satisfaction through improved mobile worker productivity. It serves life sciences; financial services; retail; technology; manufacturing; telecommunications; government and energy industries. The company platforms include Bigtincan Hub; Bigtincan Zunos; Bigtincan Life Sciences; and others. It generates maximum revenue from the Subscription and support services. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Australia and the rest of the world.

Bigtincan Holdings (ASX:BTH) Headlines

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