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. ShiftPixy's Revenue for the
three
months ended in Feb. 2024 was $3.81 Mil. ShiftPixy's average Accounts Receivable for the
three
months ended in Feb. 2024 was $0.52 Mil.
Hence, ShiftPixy's Receivables Turnover for the
three
months ended in Feb. 2024 was 7.38.
ShiftPixy Receivables Turnover Historical Data
The historical data trend for ShiftPixy'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 ShiftPixy's Receivables Turnover
For the Staffing & Employment Services subindustry, ShiftPixy'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.
ShiftPixy's Receivables Turnover Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, ShiftPixy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ShiftPixy's Receivables Turnover falls into.
ShiftPixy Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
ShiftPixy's Receivables Turnover for the fiscal year that ended in Aug. 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.
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.
ShiftPixy Receivables Turnover Related Terms
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ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.
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