Smartsheet (STU:3SE) Receivables Turnover : 1.21 (As of Jan. 2024)

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What is Smartsheet 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. Smartsheet's Revenue for the three months ended in Jan. 2024 was €235.9 Mil. Smartsheet's average Accounts Receivable for the three months ended in Jan. 2024 was €194.5 Mil. Hence, Smartsheet's Receivables Turnover for the three months ended in Jan. 2024 was 1.21.

Smartsheet Receivables Turnover Historical Data

The historical data trend for Smartsheet'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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Smartsheet Receivables Turnover Chart

Smartsheet Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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6.28

4.67

4.47

4.48

4.36

Smartsheet 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															1.18	1.24	1.52	1.50	1.21

Competitive Comparison of Smartsheet's Receivables Turnover

For the Software - Application subindustry, Smartsheet'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.

Smartsheet's Receivables Turnover Distribution in the Software Industry

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

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

Smartsheet Receivables Turnover Calculation

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

Smartsheet's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	879.754	/ (	(184.341	+	219.134)	/	2 )
=	879.754	/	201.7375
=	4.36

Smartsheet'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 )
=	235.879	/ (	(169.963	+	219.134)	/	2 )
=	235.879	/	194.5485
=	1.21

Smartsheet (STU:3SE) 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.

Smartsheet Receivables Turnover Related Terms

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Smartsheet (STU:3SE) Business Description

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500 108th Avenue North East, Suite 200, Bellevue, WA, USA, 98004

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https://www.smartsheet.com

Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.

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