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Giga tronics Inc  (GIGA)
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Giga Tronics Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Giga Tronics Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 7.19, above the company average. This is a clear sign of healthy business climate in the Electronic Instruments & Controls industry and improving liquidity at their respective customers, during the third quarter 2023. Average receivable collection period, for the Giga Tronics Inc in Sep 30 2023 quarter, has decreased to 51 days, compared to 52 days, in the Jun 30 2023 quarter.

If we take a look into Technology sector 80 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 680, from overall ranking in the second quarter 2023 at 1850.

What is Receivable Turnover Ratio?
What is Giga Tronics Inc Selling?


What is Receivable Turnover Ratio?




GIGA Receivables Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change 10.35 % 185.94 % 231.78 % 265.93 % 123.22 %
Y / Y Revenue Change 29.81 % 339.38 % 507.45 % 840.63 % 118.19 %
Receivable Turnover Ratio (TTM) 7.19 6.99 7.05 7.18 4.5
GIGA's Total Ranking # 680 # 1850 # 1891 # 1847 # 1148
Average receivable collection period 51 52 52 51 81
Seq. Receivable Change 5.41 % -4.39 % -6.03 % 16.52 % 173.15 %
Seq. Revenue Change 19.14 % -2.79 % -53.02 % 138.57 % 303.26 %


Receivable Turnover Company Ranking
Within: No.
Electronic Instruments & Controls Industry # 6
Technology Sector # 81
Overall Market # 680

Receivable Turnover Ratio Statistics
High Average Low
3.49 1.54 0.33
(Dec 31 2017)   (Dec 29 2018)






Financial Statements
Giga Tronics Inc's Accounts Receivable $ 6 Millions Visit GIGA's Balance sheet
Giga Tronics Inc's Sales TTM $ 46 Millions Visit GIGA's Income Statement
Where are GIGA's Sales coming from? Visit GIGA's Sales by Geography

Other Accounts Receivable Turnover Ratios
Electronic Instruments & Controls Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
GIGA's Receivable Turnover Ratio versus Electronic Instruments & Controls Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for GIGA's Competitors
Receivables Turnover Ratio for GIGA's Suppliers
Accounts Receivables Turnover Ratio for GIGA's Customers

You may also want to know
GIGA's Growth Rates GIGA's Roa GIGA's Inventory Turnover Ratio GIGA's Dividend Comparisons
GIGA's Profitability Ratios GIGA's Roi GIGA's Asset Turnover Ratio GIGA's Dividend Growth
GIGA's Valuation Ratios GIGA's Roe GIGA's Financial Strength Ratios GIGA's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Ziprecruiter Inc   19.62 $ 719.069  Millions$ 36.643  Millions
Power Integrations Inc   18.81 $ 479.801  Millions$ 25.509  Millions
Clearsign Technologies Corporation  18.49 $ 1.179  Millions$ 0.064  Millions
Skillz Inc   18.37 $ 163.657  Millions$ 8.911  Millions
Paycor Hcm Inc   18.07 $ 577.977  Millions$ 31.994  Millions
Icoreconnect Inc   18.00 $ 7.745  Millions$ 0.430  Millions
Moving Image Technologies inc   17.86 $ 23.859  Millions$ 1.336  Millions
Sonos Inc   17.59 $ 1,654.490  Millions$ 94.037  Millions
Silversun Technologies Inc   16.96 $ 48.931  Millions$ 2.885  Millions
Ascent Solar Technologies Inc   16.79 $ 0.468  Millions$ 0.028  Millions
Immersion Corporation  16.62 $ 32.703  Millions$ 1.968  Millions
Cargurus Inc   15.86 $ 977.146  Millions$ 61.595  Millions
Playtika Holding Corp   15.86 $ 2,560.300  Millions$ 161.425  Millions
Rubicon Technologies Inc   15.71 $ 1,017.324  Millions$ 64.762  Millions
Intel Corporation  15.63 $ 52,864.000  Millions$ 3,383.250  Millions
D wave Quantum Inc   15.54 $ 11.133  Millions$ 0.716  Millions
Rumble Inc   15.29 $ 88.973  Millions$ 5.818  Millions
Porch Group Inc   15.07 $ 382.942  Millions$ 25.411  Millions
Quarta rad Inc   15.07 $ 0.722  Millions$ 0.048  Millions
Vimeo inc   15.06 $ 416.432  Millions$ 27.656  Millions
Oracle Corporation  14.91 $ 96,308.000  Millions$ 6,461.000  Millions
Phunware Inc   14.90 $ 15.171  Millions$ 1.019  Millions
Q2 Holdings inc   14.34 $ 608.214  Millions$ 42.417  Millions
Blacksky Technology Inc   14.09 $ 78.401  Millions$ 5.565  Millions
Amesite Inc   13.77 $ 0.628  Millions$ 0.046  Millions
Intrusion Inc   13.70 $ 5.689  Millions$ 0.415  Millions
Tucows Inc  13.58 $ 330.124  Millions$ 24.307  Millions
Evercommerce Inc   13.56 $ 667.727  Millions$ 49.253  Millions
Electronic Systems Technology Inc   13.39 $ 1.767  Millions$ 0.132  Millions
Bridgeline Digital Inc   13.38 $ 15.871  Millions$ 1.187  Millions

Date modified: 2023-11-16T18:43:11+00:00



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