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. Issuer Direct's Revenue for the
three
months ended in Mar. 2024 was $6.96 Mil. Issuer Direct's average Accounts Receivable for the
three
months ended in Mar. 2024 was $4.28 Mil.
Hence, Issuer Direct's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.62.
Issuer Direct Receivables Turnover Historical Data
The historical data trend for Issuer Direct'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.
Competitive Comparison of Issuer Direct's Receivables Turnover
For the Software - Application subindustry, Issuer Direct'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.
Issuer Direct's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Issuer Direct's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Issuer Direct's Receivables Turnover falls into.
Issuer Direct Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Issuer Direct's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Issuer Direct (AMEX:ISDR) 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.
Issuer Direct Receivables Turnover Related Terms
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Issuer Direct (Issuer Direct) Business Description
Issuer Direct Corp is a communications and compliance company. It focuses on the needs of corporate issuers. It provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies. The company serves a diverse range of client base in the financial services industry, including brokerage firms, banks, mutual funds, accounting and the legal communities. Its current brands and products include the following: Issuer Direct, Accesswire, Investor Network, Blueprint, Classify, iProxy Direct, iR Direct and annual report service. Its primary geographic markets are North America and Europe of which North America contributes the vast majority of total revenue.
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