Acacia Research Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of
5.06, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Acacia Research in Jun 30 2024 quarter, has decreased to 72 days, compared to 73 days, in the Mar 31 2024 quarter.
If we take a look into
Conglomerates sector 6 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to
1520, from overall ranking in the first quarter 2024 at
2258.
What is Receivable Turnover Ratio?
What is Acacia Research Corporation Selling?
What is Receivable Turnover Ratio?