Fitbit Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2020 to a ratio of 4.42, above the company average. This is a clear sign of healthy business climate in the Computer Hardware industry and improving liquidity at their respective customers, during the third quarter 2020. Average collection period, for Fitbit Inc 's accounts receivable remained unchanged at 83 days, in the Oct 03 2020 quarter.

If we take a look into Technology sector 113 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Oct 03 2020 from 755 to 756.

What is Receivable Turnover Ratio?
What is Fitbit Inc Selling?

What is Receivable Turnover Ratio?

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FIT Receivables Turnover Ratio	(Oct 03 2020) III. Quarter	(Jul 04 2020) II. Quarter	(Apr 04 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 28 2019) III. Quarter
Y / Y Receivable Change	3.73 %	-16.71 %	-27.26 %	5.08 %	6.01 %
Y / Y Revenue Change	4.82 %	-16.67 %	-30.8 %	-12.09 %	-11.78 %
Receivable Turnover Ratio (TTM)	4.42	4.41	4.42	4.45	4.74
FIT's Total Ranking	# 756	# 755	# 756	# 756	# 756
Accounts Receivable average collection period days	83	83	83	82	77
Seq. Receivable Change	66.42 %	18.16 %	-58.12 %	25.96 %	33.63 %
Seq. Revenue Change	39.29 %	38.86 %	-62.53 %	44.63 %	10.73 %

Receivable Turnover Company Ranking
Within:	No.
Computer Hardware Industry	# 6
Technology Sector	# 114
Overall Market	# 756

Receivable Turnover Ratio Statistics
High	Average	Low
1.29	0.99	0.37
(Dec 31 2016)		(Apr 02 2016)

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

Financial Statements
Fitbit Inc 's Accounts Receivable	$ 358 Millions	Visit FIT's Balance sheet
Fitbit Inc 's Sales TTM	$ 1,316 Millions	Visit FIT's Income Statement
Sources of FIT's Revenues		Visit FIT's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Oct 03 2020, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Oct 03 2020	Receivable at quarter ending Oct 03 2020
Five9 Inc	10.00	$ 399.286 Millions	$ 39.944 Millions
Upwork Inc	9.99	$ 346.071 Millions	$ 34.625 Millions
Realpage Inc	9.97	$ 1,004.483 Millions	$ 100.730 Millions
Xilinx Inc	9.96	$ 2,972.876 Millions	$ 298.563 Millions
Gopro Inc	9.95	$ 1,062.498 Millions	$ 106.823 Millions
Seagate Technology Holdings Plc	9.92	$ 10,245.000 Millions	$ 1,032.500 Millions
Alpha And Omega Semiconductor Limited	9.90	$ 498.658 Millions	$ 50.375 Millions
Terminix Global Holdings inc.	9.87	$ 2,009.000 Millions	$ 203.500 Millions
Solarwinds Corporation	9.85	$ 1,159.715 Millions	$ 117.702 Millions
Meta Platforms Inc	9.78	$ 78,976.000 Millions	$ 8,078.500 Millions
Zynga Inc	9.74	$ 1,763.250 Millions	$ 181.075 Millions
Dayforce Inc	9.69	$ 841.500 Millions	$ 86.875 Millions
Peraso Inc	9.65	$ 7.493 Millions	$ 0.776 Millions
Factset Research Systems Inc	9.64	$ 1,494.111 Millions	$ 154.996 Millions
Jabil Inc	9.62	$ 27,266.438 Millions	$ 2,834.437 Millions
Nve Corp	9.56	$ 21.586 Millions	$ 2.258 Millions
Semtech Corp	9.51	$ 568.445 Millions	$ 59.762 Millions
Video Display Corporation	9.50	$ 10.657 Millions	$ 1.122 Millions
Premier Inc	9.37	$ 1,344.069 Millions	$ 143.414 Millions
Cloudflare Inc	9.37	$ 389.063 Millions	$ 41.518 Millions
Mikros Systems Corp	9.36	$ 6.206 Millions	$ 0.663 Millions
Mcafee Corp	9.36	$ 728.000 Millions	$ 77.750 Millions
Sysorex Inc	9.33	$ 8.789 Millions	$ 0.942 Millions
Sunpower Corp	9.31	$ 1,680.671 Millions	$ 180.460 Millions
A10 Networks Inc	9.26	$ 223.188 Millions	$ 24.107 Millions
Ambarella Inc	9.25	$ 218.060 Millions	$ 23.571 Millions
Hubspot Inc	9.24	$ 817.147 Millions	$ 88.470 Millions
Where Food Comes From Inc	9.21	$ 20.224 Millions	$ 2.195 Millions
Skkynet Cloud Systems Inc	9.18	$ 1.507 Millions	$ 0.164 Millions
Phunware Inc	9.15	$ 10.671 Millions	$ 1.166 Millions

Date modified: 2026-09-08T15:22:06+00:00

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