Grom Social Enterprises Inc 's ability to collect accounts receivable sequentially worsen to 4.74, pointing to a challenging and on top of that deteriorating business climate for the Internet Services & Social Media industry. Grom Social Enterprises Inc 's Accounts Receivable average collection period in the Mar 31 2024 quarter, has increased to 77 days, from 71 days, in the Dec 31 2023 quarter.

If we take a look into Technology sector 447 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 2425 to 2803.

What is Receivable Turnover Ratio?
What is Grom Social Enterprises Inc Selling?

What is Receivable Turnover Ratio?

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GROM Receivables Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Receivable Change	-0.68 %	-28.92 %	-19.59 %	-2.13 %	7.78 %
Y / Y Revenue Change	-27.13 %	-41.77 %	-34.66 %	-16.07 %	-2.56 %
Receivable Turnover Ratio (TTM)	4.74	5.14	5.4	5.66	5.84
GROM's Total Ranking	# 2803	# 2425	# 2997	# 2907	# 2784
Accounts Receivable average collection period days	77	71	68	64	63
Seq. Receivable Change	-0.64 %	-0.75 %	26.37 %	-20.3 %	-28.9 %
Seq. Revenue Change	-4.42 %	-5.73 %	1.44 %	-20.27 %	-23.63 %

Receivable Turnover Company Ranking
Within:	No.
Internet Services & Social Media Industry	# 38
Technology Sector	# 448
Overall Market	# 2803

Receivable Turnover Ratio Statistics
High	Average	Low
20.83	10.15	4.74
(Sep 30 2018)		(Mar 31 2024)

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

Financial Statements
Grom Social Enterprises Inc 's Accounts Receivable	$ 1 Millions	Visit GROM's Balance sheet
Grom Social Enterprises Inc 's Sales TTM	$ 4 Millions	Visit GROM's Income Statement
Sources of GROM's Revenues		Visit GROM's Sales by Geography

Other Accounts Receivable Turnover Ratios
Internet Services & Social Media Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
GROM's Receivable Turnover Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Receivable at quarter ending Mar 31 2024
Gan Limited	12.44	$ 124.941 Millions	$ 10.041 Millions
Hp inc	12.35	$ 52,962.000 Millions	$ 4,290.000 Millions
Powerdyne International Inc	12.22	$ 1.278 Millions	$ 0.105 Millions
Bnb Plus Corp	12.16	$ 4.870 Millions	$ 0.401 Millions
Park ohio Holdings Corp	12.15	$ 1,653.800 Millions	$ 136.075 Millions
Leet Technology Inc	12.09	$ 0.465 Millions	$ 0.038 Millions
Seagate Technology Holdings Plc	11.96	$ 6,266.000 Millions	$ 523.750 Millions
Block Inc	11.92	$ 22,882.620 Millions	$ 1,920.376 Millions
Nutanix Inc	11.87	$ 2,092.753 Millions	$ 176.329 Millions
Gct Semiconductor Holding Inc	11.79	$ 15.919 Millions	$ 1.350 Millions
8x8 Inc	11.74	$ 727.800 Millions	$ 62.009 Millions
Digitalocean Holdings Inc	11.70	$ 711.748 Millions	$ 60.841 Millions
Where Food Comes From Inc	11.59	$ 25.197 Millions	$ 2.175 Millions
Premier Inc	11.58	$ 1,334.756 Millions	$ 115.219 Millions
Broadcom Inc	11.58	$ 42,619.000 Millions	$ 3,680.500 Millions
Soundhound Ai Inc	11.40	$ 50.760 Millions	$ 4.452 Millions
Frequency Electronics Inc	11.40	$ 55.274 Millions	$ 4.851 Millions
Gopro Inc	11.27	$ 986.208 Millions	$ 87.535 Millions
Quicklogic Corp	11.25	$ 23.080 Millions	$ 2.051 Millions
Data I	11.19	$ 26.932 Millions	$ 2.406 Millions
Iac Inc	11.14	$ 4,210.644 Millions	$ 378.108 Millions
Rubicon Technologies Inc	11.10	$ 679.546 Millions	$ 61.237 Millions
Ubiquiti Inc	11.04	$ 1,909.926 Millions	$ 172.950 Millions
Qualcomm Inc	10.97	$ 36,406.000 Millions	$ 3,317.500 Millions
Ccc Intelligent Solutions Holdings Inc	10.80	$ 888.696 Millions	$ 82.283 Millions
Electronic Arts Inc	10.75	$ 7,562.000 Millions	$ 703.250 Millions
Silvaco Group Inc	10.73	$ 14.916 Millions	$ 1.391 Millions
Bumble Inc	10.66	$ 1,076.657 Millions	$ 100.972 Millions
Dirtt Environmental Solutions Ltd	10.63	$ 186.070 Millions	$ 17.507 Millions
Shutterstock inc	10.52	$ 873.622 Millions	$ 83.063 Millions

Date modified: 2026-09-08T15:22:12+00:00

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