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. Netgear's Revenue for the
three
months ended in Dec. 2023 was $188.7 Mil. Netgear's average Accounts Receivable for the
three
months ended in Dec. 2023 was $193.0 Mil.
Hence, Netgear's Receivables Turnover for the
three
months ended in Dec. 2023 was 0.98.
Netgear Receivables Turnover Historical Data
The historical data trend for Netgear'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 Netgear's Receivables Turnover
For the Communication Equipment subindustry, Netgear'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.
Netgear's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Netgear's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Netgear's Receivables Turnover falls into.
Netgear Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Netgear's Receivables Turnover for the fiscal year that ended in Dec. 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.
Netgear Receivables Turnover Related Terms
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Netgear Inc is a provider of networking solutions. The reportable segments of the company are connected home, and Small and Medium Businesses (SMB). The Connected Home segment focuses on consumers and consists of high-performance, dependable, and easy-to-use 4G/5G mobile, Wi-Fi internet networking solutions and smart devices such as Orbi Voice smart speakers and Meural digital canvas; and SMB focused on small and medium-sized businesses and consists of business networking, storage, wireless LAN and security solutions that bring enterprise-class functionality to small and medium-sized businesses at an affordable price.
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