Nic Inc's ability to collect accounts receivable sequentially worsen to 3.66, indicating more challenging environment then in the third quarter 2020, but still, it is a far cry from any concerns. Nic Inc's Accounts Receivable average collection period in the Dec 31 2020 quarter, has increased to 100 days, from 97 days, in the Sep 30 2020 quarter.

If we take a look into Services sector 119 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 766, from overall ranking in the third quarter 2020 at 3238.

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What is Receivable Turnover Ratio?

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EGOV Receivables Turnover Ratio	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Receivable Change	82.07 %	31.07 %	-5.82 %	-10.34 %	5.56 %
Y / Y Revenue Change	62.11 %	48.91 %	2.21 %	6.97 %	10.71 %
Receivable Turnover Ratio (TTM)	3.66	3.76	3.62	3.54	3.39
EGOV's Total Ranking	# 766	# 3238	# 3238	# 3230	# 3230
Accounts Receivable average collection period days	100	97	101	103	108
Seq. Receivable Change	11.82 %	30.51 %	4.64 %	19.22 %	-19.5 %
Seq. Revenue Change	4.88 %	43.81 %	2.71 %	4.65 %	-3.66 %

Receivable Turnover Company Ranking
Within:	No.
Professional Services Industry	# 47
Services Sector	# 120
Overall Market	# 766

Receivable Turnover Ratio Statistics
High	Average	Low
1.5	1.28	0.95
(Dec 31 2014)		(Jun 30 2020)

EGOV Company Profile • Back to EGOV Efficiency Comparisons • Compare EGOV Receivables Turnover Ratio to its Competitors

Financial Statements
Nic Inc's Accounts Receivable	$ 155 Millions	Visit EGOV's Balance sheet
Nic Inc's Sales TTM	$ 460 Millions	Visit EGOV's Income Statement
Sources of EGOV's Revenues		Visit EGOV's Sales by Geography

Other Accounts Receivable Turnover Ratios
Professional Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
EGOV's Receivable Turnover Ratio versus Professional Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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EGOV's Growth Rates	EGOV's Roa	EGOV's Inventory Turnover Ratio	EGOV's Dividend Comparisons
EGOV's Profitability Ratios	EGOV's Roi	EGOV's Asset Turnover Ratio	EGOV's Dividend Growth
EGOV's Valuation Ratios	EGOV's Roe	EGOV's Financial Strength Ratios	EGOV's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2020, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2020	Receivable at quarter ending Dec 31 2020
Playa Hotels and Resorts N v	8.09	$ 273.189 Millions	$ 33.771 Millions
Allegion Plc	8.09	$ 2,719.900 Millions	$ 336.250 Millions
Gee Group Inc	8.05	$ 126.921 Millions	$ 15.761 Millions
Nathan s Famous Inc	8.05	$ 79.260 Millions	$ 9.852 Millions
Farfetch Ltd	7.97	$ 1,673.922 Millions	$ 209.946 Millions
Wynn Resorts Limited	7.94	$ 2,095.861 Millions	$ 264.018 Millions
Fat Brands Inc	7.94	$ 18.118 Millions	$ 2.283 Millions
Techtarget Inc	7.89	$ 148.376 Millions	$ 18.814 Millions
Waste Management Inc	7.85	$ 15,218.000 Millions	$ 1,939.500 Millions
Pldt Inc	7.83	$ 3,460.880 Millions	$ 442.071 Millions
Strategic Environmental and Energy Resources Inc	7.81	$ 2.912 Millions	$ 0.373 Millions
Quad	7.80	$ 2,929.600 Millions	$ 375.525 Millions
Data Call Technologies Inc	7.80	$ 0.572 Millions	$ 0.073 Millions
Modivcare Inc	7.77	$ 1,368.675 Millions	$ 176.250 Millions
Startek Inc	7.72	$ 640.222 Millions	$ 82.918 Millions
Dlt Resolution Inc	7.71	$ 2.161 Millions	$ 0.280 Millions
Quinstreet Inc	7.66	$ 519.861 Millions	$ 67.861 Millions
Addentax Group Corp	7.66	$ 23.004 Millions	$ 3.004 Millions
Access Newswire Inc	7.62	$ 18.526 Millions	$ 2.433 Millions
Sphere Entertainment Co	7.55	$ 535.057 Millions	$ 70.823 Millions
Colliers International Group Inc	7.49	$ 2,786.857 Millions	$ 372.149 Millions
Sinclair inc	7.43	$ 5,943.000 Millions	$ 799.500 Millions
Aramark	7.38	$ 11,319.751 Millions	$ 1,534.146 Millions
Cardtronics Plc	7.33	$ 1,093.999 Millions	$ 149.260 Millions
Ryder System Inc	7.28	$ 8,420.091 Millions	$ 1,157.261 Millions
Dhi Group Inc	7.25	$ 124.589 Millions	$ 17.193 Millions
Alaska Communications Systems Group Inc	7.24	$ 240.569 Millions	$ 33.206 Millions
Heritage crystal Clean Inc	7.24	$ 361.050 Millions	$ 49.895 Millions
Costar Group Inc	7.21	$ 1,659.019 Millions	$ 230.186 Millions
Gogo Inc	7.19	$ 425.274 Millions	$ 59.158 Millions

Date modified: 2026-09-18T16:23:17+00:00

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