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Gartner (NYSE:IT) Receivables Turnover

: 1.16 (As of Dec. 2022)
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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. Gartner's Revenue for the three months ended in Dec. 2022 was $1,505 Mil. Gartner's average Accounts Receivable for the three months ended in Dec. 2022 was $1,302 Mil. Hence, Gartner's Receivables Turnover for the three months ended in Dec. 2022 was 1.16.


Gartner Receivables Turnover Historical Data

The historical data trend for Gartner'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.

* Premium members only.

Gartner Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.27 3.29 3.19 3.63 3.75

Gartner Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Receivables Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 0.94 1.10 1.20 1.16

Competitive Comparison

For the Information Technology Services subindustry, Gartner'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.

   

Gartner Receivables Turnover Distribution

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

* The bar in red indicates where Gartner's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.



Gartner Receivables Turnover Calculation

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

Gartner's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=5475.846 / ((1365.18 + 1556.786) / 2 )
=5475.846 / 1460.983
=3.75

Gartner's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

Receivables Turnover (Q: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2022 ) / ((Accounts Receivable (Q: Sep. 2022 ) + Accounts Receivable (Q: Dec. 2022 )) / count )
=1504.717 / ((1047.14 + 1556.786) / 2 )
=1504.717 / 1301.963
=1.16

* 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.


Gartner  (NYSE:IT) 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.


Gartner Receivables Turnover Related Terms

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Gartner (NYSE:IT) Business Description

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Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services and hosted nearly 80 IT conferences across the globe in 2007.
Executives
Valentin Sribar officer: SVP, Research & Advisory 56 TOP GALLANT ROAD, STAMFORD CT 06902
Diana Sue Ferguson director C/O SARA LEE CORP, 70 W MADISO ST, CHICAGO IL 60602
Claire Herkes officer: EVP, Conferences 56 TOP GALLANT ROAD, STAMFORD CT 06902
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Yvonne Genovese officer: EVP, Global Product Management 56 TOP GALLANT ROAD, STAMFORD CT 06902
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Craig Safian officer: EVP & CFO 56 TOP GALLANT ROAD, STAMFORD CT 06904
Alwyn Dawkins officer: EVP, Conferences 56 TOP GALLANT ROAD, STAMFORD CT 06902
Michael P Harris officer: EVP, Research & Advisory 56 TOP GALLANT ROAD, STAMFORD CT 06896
Joseph P. Beck officer: EVP, Global Technology Sales 56 TOP GALLANT RD., STAMFORD CT 06902
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Eileen Serra director 56 TOP GALLANT RD., STAMFORD CT 06902
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Michael Fox Diliberto officer: SVP, Chief Information Officer 56 TOP GALLANT RD, STAMFORD CT 06904

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