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. Domo's Revenue for the
three
months ended in Jan. 2024 was $80.2 Mil. Domo's average Accounts Receivable for the
three
months ended in Jan. 2024 was $61.2 Mil.
Hence, Domo's Receivables Turnover for the
three
months ended in Jan. 2024 was 1.31.
Domo Receivables Turnover Historical Data
The historical data trend for Domo'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.
Competitive Comparison of Domo's Receivables Turnover
For the Software - Application subindustry, Domo'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.
Domo's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Domo's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Domo's Receivables Turnover falls into.
Domo Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Domo's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Domo (NAS:DOMO) 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.
Domo Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Domo's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Domo Inc provides a cloud-based platform that digitally connects all the data, systems and people in an organization, giving them access to real-time data and insights and allowing them to manage their business from their smartphones. The company offers a platform to its customers as a subscription-based service. Users receive notifications on any device and immediately act on the invitation, after which the system can write back to the original system of record. The company derives revenue from subscriptions to its cloud-based platform and professional services.
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