Newegg Commerce (Newegg Commerce) Receivables Turnover : 6.91 (As of Dec. 2023)

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What is Newegg Commerce 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. Newegg Commerce's Revenue for the three months ended in Dec. 2023 was $456.1 Mil. Newegg Commerce's average Accounts Receivable for the three months ended in Dec. 2023 was $66.0 Mil. Hence, Newegg Commerce's Receivables Turnover for the three months ended in Dec. 2023 was 6.91.

Newegg Commerce Receivables Turnover Historical Data

The historical data trend for Newegg Commerce'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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Newegg Commerce Receivables Turnover Chart

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

32.64

37.37

23.58

18.27

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								6.53	6.95	-	5.79	6.91

Competitive Comparison of Newegg Commerce's Receivables Turnover

For the Internet Retail subindustry, Newegg Commerce'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.

Newegg Commerce's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Newegg Commerce's Receivables Turnover distribution charts can be found below:

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

Newegg Commerce Receivables Turnover Calculation

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

Newegg Commerce's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1496.963	/ (	(83.517	+	80.383)	/	2 )
=	1496.963	/	81.95
=	18.27

Newegg Commerce'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 )
=	456.144	/ (	(51.582	+	80.383)	/	2 )
=	456.144	/	65.9825
=	6.91

Newegg Commerce (NAS:NEGG) 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.

Newegg Commerce Receivables Turnover Related Terms

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Newegg Commerce (Newegg Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.