FactSet Research Systems (FRA:FA1) Receivables Turnover : 2.11 (As of Feb. 2024)

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What is FactSet Research Systems 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. FactSet Research Systems's Revenue for the three months ended in Feb. 2024 was €506 Mil. FactSet Research Systems's average Accounts Receivable for the three months ended in Feb. 2024 was €239 Mil. Hence, FactSet Research Systems's Receivables Turnover for the three months ended in Feb. 2024 was 2.11.

FactSet Research Systems Receivables Turnover Historical Data

The historical data trend for FactSet Research Systems'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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FactSet Research Systems Receivables Turnover Chart

FactSet Research Systems Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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9.66

9.62

10.43

11.03

9.12

FactSet Research Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.08	2.12	2.25	2.25	2.11

Competitive Comparison of FactSet Research Systems's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.

FactSet Research Systems's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FactSet Research Systems's Receivables Turnover falls into.

FactSet Research Systems Receivables Turnover Calculation

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

FactSet Research Systems's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	1912.411	/ (	(201.449	+	217.939)	/	2 )
=	1912.411	/	209.694
=	9.12

FactSet Research Systems's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	506.091	/ (	(226.674	+	252.308)	/	2 )
=	506.091	/	239.491
=	2.11

FactSet Research Systems (FRA:FA1) 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.

FactSet Research Systems Receivables Turnover Related Terms

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FactSet Research Systems (FRA:FA1) Business Description

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Address

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Website

https://www.factset.com

FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.

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