Electronic Systems Technology Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 17.26, above the company average. This is a clear sign of healthy business climate in the IT Infrastructure industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Electronic Systems Technology Inc in Sep 30 2024 quarter, has decreased to 21 days, compared to 23 days, in the Jun 30 2024 quarter.

If we take a look into Technology sector 64 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 728, from overall ranking in the second quarter 2024 at 1263.

What is Receivable Turnover Ratio?
What is Electronic Systems Technology Inc Selling?

What is Receivable Turnover Ratio?

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ELST Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	-38.28 %	-57.09 %	3.8 %	-62.8 %	-40.87 %
Y / Y Revenue Change	-14.23 %	-43 %	16.71 %	-41.59 %	-29.65 %
Receivable Turnover Ratio (TTM)	17.26	15.96	14.56	14.22	13.51
ELST's Total Ranking	# 728	# 1263	# 26	# 941	# 671
Accounts Receivable average collection period days	21	23	25	26	27
Seq. Receivable Change	-22.22 %	-31.77 %	112.71 %	-45.32 %	-45.93 %
Seq. Revenue Change	-11.88 %	-6.32 %	14.19 %	-9.02 %	-41.44 %

Receivable Turnover Company Ranking
Within:	No.
IT Infrastructure Industry	# 3
Technology Sector	# 65
Overall Market	# 728

Receivable Turnover Ratio Statistics
High	Average	Low
16.94	10.18	3.12
(Sep 30 2024)		(Sep 30 2016)

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

Financial Statements
Electronic Systems Technology Inc's Accounts Receivable	$ 0 Millions	Visit ELST's Balance sheet
Electronic Systems Technology Inc's Sales TTM	$ 1 Millions	Visit ELST's Income Statement
Sources of ELST's Revenues		Visit ELST's Sales by Geography

Other Accounts Receivable Turnover Ratios
IT Infrastructure Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ELST's Receivable Turnover Ratio versus IT Infrastructure Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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ELST's Profitability Ratios	ELST's Roi	ELST's Asset Turnover Ratio	ELST's Dividend Growth
ELST's Valuation Ratios	ELST's Roe	ELST's Financial Strength Ratios	ELST's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Legalzoom com Inc	56.98	$ 677.130 Millions	$ 11.883 Millions
Ibex Limited	54.18	$ 513.677 Millions	$ 9.481 Millions
Liberty Tripadvisor Holdings inc	53.75	$ 1,814.000 Millions	$ 33.750 Millions
Toast Inc	51.61	$ 4,658.000 Millions	$ 90.250 Millions
Godaddy Inc	50.62	$ 4,480.900 Millions	$ 88.525 Millions
Bill Holdings Inc	45.46	$ 1,342.351 Millions	$ 29.527 Millions
Paylocity Holding Corporation	43.38	$ 1,447.885 Millions	$ 33.376 Millions
Semrush Holdings Inc	42.68	$ 356.579 Millions	$ 8.354 Millions
Paltalk Inc	42.34	$ 7.309 Millions	$ 0.173 Millions
Dzs Inc	42.11	$ 161.327 Millions	$ 3.831 Millions
Data443 Risk Mitigation Inc	41.98	$ 5.967 Millions	$ 0.142 Millions
Klaviyo Inc	39.24	$ 867.352 Millions	$ 22.103 Millions
Eventbrite Inc	37.69	$ 335.919 Millions	$ 8.912 Millions
Onfolio Holdings Inc	37.37	$ 6.590 Millions	$ 0.176 Millions
Dropbox Inc	37.33	$ 2,538.500 Millions	$ 68.000 Millions
Veralto Corporation	36.87	$ 7,614.000 Millions	$ 206.500 Millions
Netlist Inc	36.45	$ 146.784 Millions	$ 4.027 Millions
Infinite Group Inc	34.45	$ 6.537 Millions	$ 0.190 Millions
Allegro Microsystems Inc	33.84	$ 847.509 Millions	$ 25.042 Millions
GMTech Inc.	32.49	$ 0.053 Millions	$ 0.002 Millions
Appfolio Inc	31.07	$ 762.368 Millions	$ 24.540 Millions
Intapp Inc	28.97	$ 446.731 Millions	$ 15.423 Millions
Cargurus Inc	27.46	$ 887.008 Millions	$ 32.301 Millions
Ooma Inc	27.14	$ 251.761 Millions	$ 9.278 Millions
Power Integrations Inc	26.90	$ 403.230 Millions	$ 14.990 Millions
Lottery com Inc	25.33	$ 6.175 Millions	$ 0.244 Millions
Veritec Inc	25.26	$ 0.442 Millions	$ 0.018 Millions
GHST World Inc.	25.12	$ 0.063 Millions	$ 0.003 Millions
Gen Digital Inc	23.85	$ 3,857.000 Millions	$ 161.750 Millions
Intuit Inc	23.40	$ 16,590.000 Millions	$ 709.000 Millions

Date modified: 2024-10-29T21:49:46+00:00

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