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Verint Systems (STU:VTY) Receivables Turnover : 1.29 (As of Apr. 2024)


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What is Verint Systems 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. Verint Systems's Revenue for the three months ended in Apr. 2024 was €206.2 Mil. Verint Systems's average Accounts Receivable for the three months ended in Apr. 2024 was €160.1 Mil. Hence, Verint Systems's Receivables Turnover for the three months ended in Apr. 2024 was 1.29.


Verint Systems Receivables Turnover Historical Data

The historical data trend for Verint Systems'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.

* Premium members only.

Verint Systems Receivables Turnover Chart

Verint Systems Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.26 2.65 4.54 4.84 4.78

Verint Systems Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.40 1.42 1.43 1.29

Competitive Comparison of Verint Systems's Receivables Turnover

For the Software - Infrastructure subindustry, Verint Systems'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.


Verint Systems's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Verint Systems's Receivables Turnover falls into.



Verint Systems Receivables Turnover Calculation

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

Verint Systems's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Receivables Turnover (A: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2024 ) / ((Accounts Receivable (A: Jan. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count )
=835.735 / ((174.848 + 174.843) / 2 )
=835.735 / 174.8455
=4.78

Verint Systems's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

Receivables Turnover (Q: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2024 ) / ((Accounts Receivable (Q: Jan. 2024 ) + Accounts Receivable (Q: Apr. 2024 )) / count )
=206.23 / ((174.843 + 145.302) / 2 )
=206.23 / 160.0725
=1.29

* 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.


Verint Systems  (STU:VTY) 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.


Verint Systems Receivables Turnover Related Terms

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Verint Systems (STU:VTY) Business Description

Traded in Other Exchanges
Address
175 Broadhollow Road, Suite 100, Melville, NY, USA, 11747
Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement. The company's solutions help iconic brands close the gap created when it lacks the resources required to deliver experiences that fulfill customer expectations. The operating business segments are Customer Engagement. Geographically, it derives a majority of its revenue from the United States.

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