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. SecureWorks's Revenue for the
three
months ended in Jan. 2024 was $89.2 Mil. SecureWorks's average Accounts Receivable for the
three
months ended in Jan. 2024 was $55.1 Mil.
Hence, SecureWorks's Receivables Turnover for the
three
months ended in Jan. 2024 was 1.62.
SecureWorks Receivables Turnover Historical Data
The historical data trend for SecureWorks'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 SecureWorks's Receivables Turnover
For the Software - Infrastructure subindustry, SecureWorks'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.
SecureWorks's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, SecureWorks's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SecureWorks's Receivables Turnover falls into.
SecureWorks Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
SecureWorks's Receivables Turnover for the fiscal year that ended in Jan. 2024 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.
SecureWorks Receivables Turnover Related Terms
Thank you for viewing the detailed overview of SecureWorks's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
SecureWorks Corp is a cybersecurity provider of technology-driven solutions singularly focused on protecting its customers by outpacing and outmaneuvering the adversary. The company offers its customers the following services; software-as-a-service, or SaaS, solutions, managed solutions, and professional services, including incident response and adversarial services. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real-time, prioritize and respond to security incidents, and predict emerging threats.
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