New Relic Inc 's ability to collect accounts receivable sequentially worsen to 5.41, indicating more challenging environment then in the first quarter 2024, but still, it is a far cry from any concerns. New Relic Inc 's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 67 days, from 65 days, in the Jun 30 2023 quarter.

If we take a look into Technology sector 179 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1227, from overall ranking in the first quarter 2024 at 2606.

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What is Receivable Turnover Ratio?

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NEWR Receivables Turnover Ratio	(Sep 30 2023) II. Quarter	(Jun 30 2023) I. Quarter	(Mar 31 2023) IV. Quarter	(Dec 31 2022) III. Quarter	(Sep 30 2022) II. Quarter
Y / Y Receivable Change	33.44 %	20.4 %	3.58 %	11.77 %	9.22 %
Y / Y Revenue Change	6.67 %	12.09 %	17.86 %	17.77 %	15.95 %
Receivable Turnover Ratio (TTM)	5.41	5.63	5.66	5.5	5.45
NEWR's Total Ranking	# 1227	# 2606	# 1569	# 1221	# 2036
Accounts Receivable average collection period days	67	65	65	66	67
Seq. Receivable Change	13.84 %	-43.66 %	18.37 %	75.76 %	2.71 %
Seq. Revenue Change	-0.24 %	0.06 %	1.14 %	5.66 %	4.83 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 46
Technology Sector	# 180
Overall Market	# 1227

Receivable Turnover Ratio Statistics
High	Average	Low
0.93	0.65	0.48
(Mar 31 2018)		(Mar 31 2019)

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

Financial Statements
New Relic Inc 's Accounts Receivable	$ 150 Millions	Visit NEWR's Balance sheet
New Relic Inc 's Sales TTM	$ 967 Millions	Visit NEWR's Income Statement
Sources of NEWR's Revenues		Visit NEWR'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
NEWR'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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NEWR's Growth Rates	NEWR's Roa	NEWR's Inventory Turnover Ratio	NEWR's Dividend Comparisons
NEWR's Profitability Ratios	NEWR's Roi	NEWR's Asset Turnover Ratio	NEWR's Dividend Growth
NEWR's Valuation Ratios	NEWR's Roe	NEWR's Financial Strength Ratios	NEWR'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
Ascent Solar Technologies Inc	16.79	$ 0.468 Millions	$ 0.028 Millions
Immersion Corporation	16.64	$ 32.738 Millions	$ 1.968 Millions
Playtika Holding Corp	15.86	$ 2,560.300 Millions	$ 161.425 Millions
TANCHENG GROUP CO., LTD.	15.64	$ 2.027 Millions	$ 0.130 Millions
Intel Corporation	15.63	$ 52,864.000 Millions	$ 3,383.250 Millions
Moving Image Technologies Inc	15.10	$ 20.175 Millions	$ 1.336 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
Bridgeline Digital Inc	14.63	$ 15.871 Millions	$ 1.085 Millions
Q2 Holdings Inc	14.34	$ 608.214 Millions	$ 42.417 Millions
Us Nuclear Corp	14.19	$ 2.140 Millions	$ 0.151 Millions
Blacksky Technology Inc	14.09	$ 78.401 Millions	$ 5.565 Millions
Dzs Inc	13.85	$ 278.566 Millions	$ 20.111 Millions
Cf Acquisition Corp Vi	13.84	$ 80.529 Millions	$ 5.818 Millions
Decisionpoint Systems Inc	13.75	$ 109.566 Millions	$ 7.968 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
Nutanix Inc	13.34	$ 1,939.194 Millions	$ 145.325 Millions
Shutterstock inc	13.33	$ 875.094 Millions	$ 65.668 Millions
Soundhound Ai Inc	13.07	$ 42.424 Millions	$ 3.246 Millions
Nxp Semiconductors N v	13.07	$ 13,166.000 Millions	$ 1,007.500 Millions
Wm Technology Inc	13.03	$ 195.869 Millions	$ 15.031 Millions
Match Group Inc	13.02	$ 3,284.429 Millions	$ 252.302 Millions
Sypris Solutions Inc	12.94	$ 130.528 Millions	$ 10.091 Millions
Gopro Inc	12.74	$ 1,031.060 Millions	$ 80.947 Millions

Date modified: 2026-09-08T15:11:05+00:00

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