Igen Networks Corp 's ability to collect accounts receivable sequentially worsen to 31.75, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Average collection period, for Igen Networks 's accounts receivable remained unchanged at 11 days, in the Sep 30 2023 quarter.

If we take a look into Services sector 304 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 445 to 1903.

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What is Receivable Turnover Ratio?

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IGEN 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	-	-99.87 %	-97.87 %	-43.48 %	-81.82 %
Y / Y Revenue Change	-63.62 %	-60.62 %	2.07 %	0.47 %	124.76 %
Receivable Turnover Ratio (TTM)	31.75	31.81	13.42	10.25	9.02
IGEN's Total Ranking	# 1903	# 445	# 1999	# 1902	# 1903
Accounts Receivable average collection period days	11	11	27	36	40
Seq. Receivable Change	-	-87.03 %	-97.11 %	108.93 %	-83.1 %
Seq. Revenue Change	32.15 %	-23.29 %	-2.05 %	-63.36 %	43.05 %

Receivable Turnover Company Ranking
Within:	No.
Professional Services Industry	# 81
Services Sector	# 305
Overall Market	# 1903

Receivable Turnover Ratio Statistics
High	Average	Low
1.8	1.02	0.32
(Jun 30 2017)		(Jun 30 2022)

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

Financial Statements
Igen Networks 's Accounts Receivable	$ 0 Millions	Visit IGEN's Balance sheet
Igen Networks 's Sales TTM	$ 0 Millions	Visit IGEN's Income Statement
Sources of IGEN's Revenues		Visit IGEN's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Services Sector

Receivable Turnover Ratio

Revenues for 12 Months ending Sep 30 2023

Receivable at quarter ending Sep 30 2023

Date modified: 2023-11-21T19:20:18+00:00

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