Zscaler (LTS:0XVU) Receivables Turnover : 1.24 (As of Jan. 2024)

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What is Zscaler 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. Zscaler's Revenue for the three months ended in Jan. 2024 was $525 Mil. Zscaler's average Accounts Receivable for the three months ended in Jan. 2024 was $423 Mil. Hence, Zscaler's Receivables Turnover for the three months ended in Jan. 2024 was 1.24.

Zscaler Receivables Turnover Historical Data

The historical data trend for Zscaler'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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Zscaler Receivables Turnover Chart

Zscaler Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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3.91

3.58

3.33

3.32

3.29

Zscaler 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															1.24	1.14	0.95	1.05	1.24

Competitive Comparison of Zscaler's Receivables Turnover

For the Software - Infrastructure subindustry, Zscaler'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.

Zscaler's Receivables Turnover Distribution in the Software Industry

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

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

Zscaler Receivables Turnover Calculation

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

Zscaler's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	1616.952	/ (	(399.745	+	582.636)	/	2 )
=	1616.952	/	491.1905
=	3.29

Zscaler'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 )
=	524.999	/ (	(366.843	+	479.611)	/	2 )
=	524.999	/	423.227
=	1.24

Zscaler (LTS:0XVU) 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.

Zscaler Receivables Turnover Related Terms

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Zscaler (LTS:0XVU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zscaler Inc (LTS:0XVU) » Definitions » Receivables Turnover

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Traded in Other Exchanges

ZS:USA ZS:Mexico 0ZC:Germany 0ZC:Germany 0ZC:Germany

Address

120 Holger Way, San Jose, CA, USA, 95134

Website

https://www.zscaler.com

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

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