VeriSign (BUE:VRSN) Receivables Turnover : 83.55 (As of Mar. 2024)

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What is VeriSign 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. VeriSign's Revenue for the three months ended in Mar. 2024 was ARS323,773 Mil. VeriSign's average Accounts Receivable for the three months ended in Mar. 2024 was ARS3,875 Mil. Hence, VeriSign's Receivables Turnover for the three months ended in Mar. 2024 was 83.55.

VeriSign Receivables Turnover Historical Data

The historical data trend for VeriSign'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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VeriSign Receivables Turnover Chart

VeriSign Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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462.42

439.15

293.70

303.41

325.32

VeriSign Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															69.26	70.19	91.39	70.71	83.55

Competitive Comparison of VeriSign's Receivables Turnover

For the Software - Infrastructure subindustry, VeriSign'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.

VeriSign's Receivables Turnover Distribution in the Software Industry

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

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

VeriSign Receivables Turnover Calculation

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

VeriSign'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 )
=	539009.1	/ (	(1039.43	+	2274.3)	/	2 )
=	539009.1	/	1656.865
=	325.32

VeriSign's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	323772.756	/ (	(2274.3	+	5476.25)	/	2 )
=	323772.756	/	3875.275
=	83.55

VeriSign (BUE:VRSN) 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.

VeriSign Receivables Turnover Related Terms

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VeriSign (BUE:VRSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VeriSign Inc (BUE:VRSN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VRSN:USA VRSN:Mexico VRS:Germany VRSN34:Brazil

Address

12061 Bluemont Way, Reston, VA, USA, 20190

Website

https://www.verisign.com

Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.