DigitalOcean Holdings (STU:0SU) Receivables Turnover : 2.94 (As of Mar. 2024)

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What is DigitalOcean Holdings 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. DigitalOcean Holdings's Revenue for the three months ended in Mar. 2024 was €170.0 Mil. DigitalOcean Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was €57.9 Mil. Hence, DigitalOcean Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 2.94.

DigitalOcean Holdings Receivables Turnover Historical Data

The historical data trend for DigitalOcean Holdings'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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DigitalOcean Holdings Receivables Turnover Chart

DigitalOcean Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.28

12.53

13.04

12.67

11.78

DigitalOcean Holdings Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														3.02	3.01	3.04	2.92	2.94

Competitive Comparison of DigitalOcean Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, DigitalOcean Holdings'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.

DigitalOcean Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, DigitalOcean Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DigitalOcean Holdings's Receivables Turnover falls into.

DigitalOcean Holdings Receivables Turnover Calculation

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

DigitalOcean Holdings'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 )
=	635.375	/ (	(50.818	+	57.025)	/	2 )
=	635.375	/	53.9215
=	11.78

DigitalOcean Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	169.952	/ (	(57.025	+	58.757)	/	2 )
=	169.952	/	57.891
=	2.94

DigitalOcean Holdings (STU:0SU) 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.

DigitalOcean Holdings Receivables Turnover Related Terms

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DigitalOcean Holdings (STU:0SU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigitalOcean Holdings Inc (STU:0SU) » Definitions » Receivables Turnover

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Traded in Other Exchanges

DOCN:USA 0SU:Germany

Address

101 6th Avenue, New York, NY, USA, 10013

Website

https://www.digitalocean.com

DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.

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