Medical Information Technology Inc 's ability to collect accounts receivable sequentially worsen to 12.03, indicating more challenging environment then in the second quarter 2020, but still, it is a far cry from any concerns. Medical Information Technology Inc 's Accounts Receivable average collection period in the Sep 30 2020 quarter, has increased to 30 days, from 28 days, in the Jun 30 2020 quarter.

If we take a look into Technology sector 74 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2020 from 926 to 928.

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What is Medical Information Technology Inc Selling?

What is Receivable Turnover Ratio?

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MITII Receivables Turnover Ratio	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 30 2019) III. Quarter
Y / Y Receivable Change	32.48 %	31.49 %	12.18 %	-18.32 %	-34.82 %
Y / Y Revenue Change	-5.35 %	0.42 %	17.33 %	16 %	-3.05 %
Receivable Turnover Ratio (TTM)	12.03	13.01	14.01	13.86	12.6
MITII's Total Ranking	# 928	# 926	# 911	# 1044	# 740
Accounts Receivable average collection period days	30	28	26	26	29
Seq. Receivable Change	-7.14 %	16.07 %	12.75 %	9.01 %	-7.83 %
Seq. Revenue Change	-0.96 %	-18.87 %	3.33 %	14 %	5.07 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 28
Technology Sector	# 75
Overall Market	# 928

Receivable Turnover Ratio Statistics
High	Average	Low
14.01	10.85	2.58
(Mar 31 2020)		(Sep 30 2015)

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

Financial Statements
Medical Information Technology Inc 's Accounts Receivable	$ 44 Millions	Visit MITII's Balance sheet
Medical Information Technology Inc 's Sales TTM	$ 512 Millions	Visit MITII's Income Statement
Sources of MITII's Revenues		Visit MITII'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
MITII'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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MITII's Profitability Ratios	MITII's Roi	MITII's Asset Turnover Ratio	MITII's Dividend Growth
MITII's Valuation Ratios	MITII's Roe	MITII's Financial Strength Ratios	MITII's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2020, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2020	Receivable at quarter ending Sep 30 2020
Appfolio Inc	31.08	$ 304.986 Millions	$ 9.815 Millions
Duck Creek Technologies Inc	29.05	$ 211.672 Millions	$ 7.287 Millions
Electronic Servitor Publication Network Inc	28.65	$ 0.850 Millions	$ 0.030 Millions
Switch Inc	28.41	$ 509.931 Millions	$ 17.947 Millions
Intuit Inc	26.82	$ 7,837.000 Millions	$ 292.250 Millions
Digerati Technologies Inc	26.04	$ 6.242 Millions	$ 0.240 Millions
Metalert Inc	25.13	$ 1.152 Millions	$ 0.046 Millions
Tripadvisor Inc	25.10	$ 822.000 Millions	$ 32.750 Millions
Electronic Systems Technology Inc	24.78	$ 2.131 Millions	$ 0.086 Millions
Technical Communications Corporation	24.10	$ 4.108 Millions	$ 0.170 Millions
Tucows Inc	23.60	$ 326.364 Millions	$ 13.828 Millions
Grow Capital Inc	21.60	$ 6.519 Millions	$ 0.302 Millions
Power Integrations Inc	20.74	$ 452.082 Millions	$ 21.798 Millions
Oracle Corporation	20.57	$ 94,318.000 Millions	$ 4,584.750 Millions
Nxp Semiconductors N v	19.74	$ 12,717.000 Millions	$ 644.250 Millions
Scworx Corp	19.28	$ 62.306 Millions	$ 3.231 Millions
Momentive Global Inc	18.94	$ 358.959 Millions	$ 18.956 Millions
Sonos Inc	18.86	$ 1,326.328 Millions	$ 70.342 Millions
Microvision Inc	17.90	$ 7.300 Millions	$ 0.408 Millions
Ecco Auto World Corporation	17.61	$ 0.133 Millions	$ 0.008 Millions
Exeo Entertainment Inc.	17.50	$ 0.021 Millions	$ 0.001 Millions
Resonant Inc	17.31	$ 3.012 Millions	$ 0.174 Millions
Zix Corp	16.43	$ 210.990 Millions	$ 12.839 Millions
Zw Data Action Technologies Inc	16.06	$ 45.656 Millions	$ 2.843 Millions
Focus Universal Inc	15.99	$ 1.754 Millions	$ 0.110 Millions
Leaf Group Ltd	15.95	$ 192.191 Millions	$ 12.049 Millions
Mobivity Holdings Corp	15.74	$ 13.220 Millions	$ 0.840 Millions
Upay Inc	15.54	$ 1.135 Millions	$ 0.073 Millions
Kustom Entertainment Inc	15.46	$ 10.167 Millions	$ 0.658 Millions
Cyren Ltd	15.40	$ 37.473 Millions	$ 2.433 Millions

Date modified: -0001-11-30T00:00:00+00:00

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