Greenway Medical Technologies Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2014 to a ratio of 5.94, above the company average. This is a clear sign of healthy business climate in the Software & Programming industry and improving liquidity at their respective customers, during the first quarter 2014. Average receivable collection period, for the Greenway Medical Technologies Inc in Sep 30 2013 quarter, has decreased to 61 days, compared to 63 days, in the Jun 30 2013 quarter.

If we take a look into Technology sector 88 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2013 from 454 to 819.

What is Receivable Turnover Ratio?
What is Greenway Medical Technologies Inc Selling?

What is Receivable Turnover Ratio?

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GWAY Receivables Turnover Ratio	(Sep 30 2013) I. Quarter	(Jun 30 2013) IV. Quarter	(Mar 31 2013) III. Quarter	(Dec 31 2012) II. Quarter	(Sep 30 2012) I. Quarter
Y / Y Receivable Change	-9.37 %	-26.75 %	9.57 %	40.51 %	4050.77 %
Y / Y Revenue Change	2.61 %	-	2.91 %	12.36 %	-
Receivable Turnover Ratio (TTM)	5.94	5.76	3.92	3.97	4.09
GWAY's Total Ranking	# 819	# 454	# 0	# 0	# 0
Accounts Receivable average collection period days	61	63	93	92	89
Seq. Receivable Change	4.05 %	-17.5 %	13.27 %	-6.79 %	-15.91 %
Seq. Revenue Change	-5.34 %	5.04 %	3.37 %	-0.16 %	-

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 14
Technology Sector	# 89
Overall Market	# 819

Receivable Turnover Ratio Statistics
High	Average	Low
1.04	1.04	1.03
(Sep 30 2013)		(Jun 30 2013)

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

Financial Statements
Greenway Medical Technologies Inc's Accounts Receivable	$ 22 Millions	Visit GWAY's Balance sheet
Greenway Medical Technologies Inc's Sales TTM	$ 136 Millions	Visit GWAY's Income Statement
Sources of GWAY's Revenues		Visit GWAY's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
GWAY's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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GWAY's Valuation Ratios	GWAY's Roe	GWAY's Financial Strength Ratios	GWAY's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2013, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2013	Receivable at quarter ending Sep 30 2013
Aftermaster Inc	16.12	$ 0.312 Millions	$ 0.019 Millions
Cadence Design Systems Inc	15.55	$ 1,428.979 Millions	$ 91.888 Millions
Activision Blizzard inc	15.27	$ 4,833.000 Millions	$ 316.500 Millions
Intuit Inc	15.00	$ 4,402.000 Millions	$ 293.500 Millions
Monotype Imaging Holdings Inc	14.88	$ 162.626 Millions	$ 10.933 Millions
Jabil Inc	14.61	$ 18,336.894 Millions	$ 1,255.011 Millions
Intel Corporation	14.27	$ 52,351.000 Millions	$ 3,669.000 Millions
Rackwise, Inc.	14.15	$ 2.447 Millions	$ 0.173 Millions
Comsovereign Holding Corp	13.95	$ 2.134 Millions	$ 0.153 Millions
Internap Corp	13.85	$ 279.002 Millions	$ 20.142 Millions
Logmein Inc	13.72	$ 158.061 Millions	$ 11.517 Millions
Infinite Group Inc	13.68	$ 8.428 Millions	$ 0.616 Millions
Avid Technology Inc	13.62	$ 576.778 Millions	$ 42.337 Millions
Astika Holdings Inc.	13.15	$ 0.006 Millions	$ 0.000 Millions
Qualcomm Inc	13.04	$ 24,865.000 Millions	$ 1,906.750 Millions
Epam Systems Inc	12.43	$ 523.070 Millions	$ 42.091 Millions
Intersections Inc	12.07	$ 322.756 Millions	$ 26.751 Millions
Hashicorp Inc	11.92	$ 2,084.998 Millions	$ 174.862 Millions
Mobivity Holdings Corp	11.72	$ 4.200 Millions	$ 0.359 Millions
Doubleverify Holdings Inc	11.71	$ 1,944.873 Millions	$ 166.140 Millions
Cray Inc	11.41	$ 407.209 Millions	$ 35.699 Millions
Where Food Comes From Inc	11.39	$ 5.026 Millions	$ 0.441 Millions
Factset Research Systems Inc	11.18	$ 858.112 Millions	$ 76.773 Millions
Zynga Inc	11.13	$ 1,008.069 Millions	$ 90.537 Millions
Teleconnect Inc.	11.12	$ 0.356 Millions	$ 0.032 Millions
Ellie Mae Inc	11.10	$ 128.045 Millions	$ 11.538 Millions
Arrayit Corp	11.07	$ 3.016 Millions	$ 0.272 Millions
Autoweb, Inc.	10.92	$ 78.360 Millions	$ 7.175 Millions
Mcx Technologies Corporation	10.87	$ 1.269 Millions	$ 0.117 Millions
Sigmatron International Inc	10.82	$ 210.824 Millions	$ 19.491 Millions

Date modified: 2026-06-22T16:30:06+00:00

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