Open Text (Open Text) Receivables Turnover : 2.17 (As of Dec. 2023)

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What is Open Text 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. Open Text's Revenue for the three months ended in Dec. 2023 was $1,535 Mil. Open Text's average Accounts Receivable for the three months ended in Dec. 2023 was $706 Mil. Hence, Open Text's Receivables Turnover for the three months ended in Dec. 2023 was 2.17.

Open Text Receivables Turnover Historical Data

The historical data trend for Open Text'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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Open Text Receivables Turnover Chart

Open Text Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.03

6.69

7.48

8.08

8.09

Open Text Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.11	2.17	2.19	2.10	2.17

Competitive Comparison of Open Text's Receivables Turnover

For the Software - Application subindustry, Open Text'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.

Open Text's Receivables Turnover Distribution in the Software Industry

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

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

Open Text Receivables Turnover Calculation

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

Open Text's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	4484.98	/ (	(426.652	+	682.517)	/	2 )
=	4484.98	/	554.5845
=	8.09

Open Text's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1534.868	/ (	(676.594	+	735.346)	/	2 )
=	1534.868	/	705.97
=	2.17

Open Text (NAS:OTEX) 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.

Open Text Receivables Turnover Related Terms

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Open Text (Open Text) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Open Text Corp (NAS:OTEX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OTX:Germany OTX:Germany OTEX:Canada

Address

275 Frank Tompa Drive, Waterloo, ON, CAN, N2L 0A1

Website

https://www.opentext.com

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). The OpenText Information Management platform and services provide secure and scalable solutions for global enterprises, SMBs, governments, and consumers around the world. It also accelerates transformations with intelligent tools and services. The company is based in Ontario, Canada.