Flexshopper Inc 's ability to collect accounts receivable sequentially worsen to 2.48, pointing to a challenging and on top of that deteriorating business climate for the Rental & Leasing industry. Flexshopper Inc 's Accounts Receivable average collection period in the Sep 30 2024 quarter, has increased to 147 days, from 138 days, in the Jun 30 2024 quarter.

If we take a look into Services sector 480 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 3304 to 3426.

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

What is Receivable Turnover Ratio?

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FPAY 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	59.78 %	45.69 %	32.73 %	26.04 %	23.92 %
Y / Y Revenue Change	22.95 %	29.46 %	10.26 %	41.38 %	20.06 %
Receivable Turnover Ratio (TTM)	2.48	2.64	2.75	2.88	2.82
FPAY's Total Ranking	# 3426	# 3304	# 1063	# 3080	# 1247
Accounts Receivable average collection period days	147	138	133	127	129
Seq. Receivable Change	15.8 %	15.89 %	10.09 %	8.15 %	5.59 %
Seq. Revenue Change	21.5 %	-6.44 %	12.14 %	-3.55 %	27.94 %

Receivable Turnover Company Ranking
Within:	No.
Rental & Leasing Industry	# 18
Services Sector	# 481
Overall Market	# 3426

Receivable Turnover Ratio Statistics
High	Average	Low
110.1	20.32	0.27
(Dec 31 2014)		(Mar 31 2014)

News about Flexshopper Inc Receivables Turnover Ratios

FlexShopper and Tire Agent Join Forces to Revolutionize Tire Shopping for Near-Prime Credit Consumers

In an era where consumer options are expanding at an unprecedented rate, FlexShopper (NASDAQ: FPAY) is stepping up to the plate with a groundbreaking partnership. Announced on December 16, 2024, this collaboration with Tire Agent an established titan known for originating over $100 million in lease-to-own transactions each year is set to enhance the tire shopping experience for millions of near-prime credit consumers.FlexShopper, recognized as a leading provider of lease-to-own payment solutions, is not just about providing flexibility; it’s about transforming access to essential products. The integration of its payment solutions directly onto Tire Agent’s website signals a significant shift in how consumers can buy tires. For those wary of traditional financing options, the launch of flexshopper.tireagent.com combines Tire Agent’s extensive inventory of top-tier tires and wheels with FlexShopper s innovative and flexible payment possibilities.

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

Financial Statements
Flexshopper Inc 's Accounts Receivable	$ 66 Millions	Visit FPAY's Balance sheet
Flexshopper Inc 's Sales TTM	$ 135 Millions	Visit FPAY's Income Statement
Sources of FPAY's Revenues		Visit FPAY's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Techtarget Inc	5.59	$ 222.502 Millions	$ 39.833 Millions
Civeo Corp	5.55	$ 701.970 Millions	$ 126.436 Millions
Kirby Corporation	5.55	$ 3,262.737 Millions	$ 588.031 Millions
Liberty Latin America Ltd	5.54	$ 4,465.400 Millions	$ 805.525 Millions
Liberty Broadband Corporation	5.53	$ 1,003.000 Millions	$ 181.500 Millions
Fiserv Inc	5.51	$ 20,122.000 Millions	$ 3,653.500 Millions
Clean Harbors inc	5.50	$ 5,797.005 Millions	$ 1,053.342 Millions
V2x Inc	5.46	$ 4,204.710 Millions	$ 769.399 Millions
Calibercos Inc	5.45	$ 66.377 Millions	$ 12.190 Millions
Fox Corporation	5.44	$ 14,337.000 Millions	$ 2,633.250 Millions
Globalstar Inc	5.44	$ 241.581 Millions	$ 44.436 Millions
Boxlight Corporation	5.42	$ 149.866 Millions	$ 27.644 Millions
Exlservice Holdings Inc	5.39	$ 1,768.768 Millions	$ 328.037 Millions
Dxp Enterprises Inc	5.39	$ 1,736.395 Millions	$ 322.317 Millions
Willscot Holdings Corporation	5.38	$ 2,405.579 Millions	$ 447.444 Millions
Booz Allen Hamilton Holding Corporation	5.36	$ 11,429.311 Millions	$ 2,130.592 Millions
Entravision Communications Corporation	5.36	$ 777.318 Millions	$ 145.127 Millions
Deep Green Waste and Recycling Inc	5.34	$ 2.205 Millions	$ 0.413 Millions
The Arena Group Holdings Inc	5.32	$ 159.243 Millions	$ 29.955 Millions
Roku Inc	5.31	$ 3,895.682 Millions	$ 733.028 Millions
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Warner Music Group Corp	5.28	$ 6,426.000 Millions	$ 1,217.250 Millions
Verizon Communications Inc	5.27	$ 134,237.000 Millions	$ 25,491.250 Millions
Sidus Space Inc	5.27	$ 5.190 Millions	$ 0.986 Millions
Alight Inc	5.26	$ 2,521.000 Millions	$ 479.000 Millions
Manpowergroup Inc	5.26	$ 18,084.200 Millions	$ 3,436.550 Millions
Sinclair inc	5.25	$ 3,370.000 Millions	$ 641.750 Millions
Cbre Group Inc	5.23	$ 34,311.977 Millions	$ 6,554.750 Millions
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Api Group Corporation	5.21	$ 6,916.000 Millions	$ 1,327.250 Millions

Date modified: 2026-08-29T17:27:58+00:00

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