Evertz Technologies (Evertz Technologies) Receivables Turnover : 1.60 (As of Jan. 2024)

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What is Evertz Technologies 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. Evertz Technologies's Revenue for the three months ended in Jan. 2024 was $100.8 Mil. Evertz Technologies's average Accounts Receivable for the three months ended in Jan. 2024 was $62.8 Mil. Hence, Evertz Technologies's Receivables Turnover for the three months ended in Jan. 2024 was 1.60.

Evertz Technologies Receivables Turnover Historical Data

The historical data trend for Evertz Technologies'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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Evertz Technologies Receivables Turnover Chart

Evertz Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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6.12

5.02

4.48

5.18

4.35

Evertz Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.17	1.29	1.37	1.62	1.60

Competitive Comparison of Evertz Technologies's Receivables Turnover

For the Communication Equipment subindustry, Evertz Technologies'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.

Evertz Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Evertz Technologies's Receivables Turnover distribution charts can be found below:

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

Evertz Technologies Receivables Turnover Calculation

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

Evertz Technologies's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	337.124	/ (	(76.787	+	78.383)	/	2 )
=	337.124	/	77.585
=	4.35

Evertz Technologies's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	100.781	/ (	(57.31	+	68.339)	/	2 )
=	100.781	/	62.8245
=	1.60

Evertz Technologies (OTCPK:EVTZF) 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.

Evertz Technologies Receivables Turnover Related Terms

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Evertz Technologies (Evertz Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Evertz Technologies Ltd (OTCPK:EVTZF) » Definitions » Receivables Turnover

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74E:Germany ET:Canada

Address

5292 John Lucas Drive, Burlington, ON, CAN, L7L 5Z9

Website

https://www.evertz.com

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.

Evertz Technologies (Evertz Technologies) Headlines

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