Appgate Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 7.45, 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 third quarter 2023. Average receivable collection period, for the Appgate Inc in Sep 30 2023 quarter, has decreased to 49 days, compared to 50 days, in the Jun 30 2023 quarter.

If we take a look into Technology sector 510 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 1705 to 2604.

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What is Receivable Turnover Ratio?

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NTWN 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	5.89 %	-29.1 %	-29.78 %	-38.22 %	-
Y / Y Revenue Change	14.84 %	-12.25 %	1.76 %	-77.1 %	-
Receivable Turnover Ratio (TTM)	7.45	7.32	6.96	6.28	10.18
NTWN's Total Ranking	# 2604	# 1705	# 1799	# 1803	# 1897
Accounts Receivable average collection period days	49	50	52	58	36
Seq. Receivable Change	69.11 %	-21.62 %	43.51 %	-44.33 %	13.23 %
Seq. Revenue Change	24.67 %	-13.37 %	14.39 %	-7.05 %	-4.74 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 163
Technology Sector	# 511
Overall Market	# 2604

Receivable Turnover Ratio Statistics
High	Average	Low
0.5	0.35	0.3
(Sep 30 2022)		(Dec 31 2022)

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

Financial Statements
Appgate Inc 's Accounts Receivable	$ 8 Millions	Visit NTWN's Balance sheet
Appgate Inc 's Sales TTM	$ 43 Millions	Visit NTWN's Income Statement
Sources of NTWN's Revenues		Visit NTWN'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
NTWN'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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NTWN's Growth Rates	NTWN's Roa	NTWN's Inventory Turnover Ratio	NTWN's Dividend Comparisons
NTWN's Profitability Ratios	NTWN's Roi	NTWN's Asset Turnover Ratio	NTWN's Dividend Growth
NTWN's Valuation Ratios	NTWN's Roe	NTWN's Financial Strength Ratios	NTWN'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
Q2 Holdings Inc	14.34	$ 608.214 Millions	$ 42.417 Millions
Blacksky Technology Inc	14.09	$ 78.401 Millions	$ 5.565 Millions
Dzs Inc	13.85	$ 278.566 Millions	$ 20.111 Millions
Amesite Inc	13.77	$ 0.628 Millions	$ 0.046 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
Bridgeline Digital Inc	13.38	$ 15.871 Millions	$ 1.187 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	12.91	$ 130.260 Millions	$ 10.091 Millions
Gopro Inc	12.74	$ 1,031.060 Millions	$ 80.947 Millions
Leafly Holdings Inc	12.69	$ 44.218 Millions	$ 3.484 Millions
Block Inc	12.45	$ 20,793.483 Millions	$ 1,670.050 Millions
Taoweave Inc	12.45	$ 3.759 Millions	$ 0.302 Millions
Hp inc	12.43	$ 53,718.000 Millions	$ 4,321.750 Millions
Consensus Cloud Solutions Inc	12.19	$ 360.266 Millions	$ 29.554 Millions
8x8 Inc	12.18	$ 737.215 Millions	$ 60.533 Millions
Fiee Inc	12.18	$ 33.136 Millions	$ 2.721 Millions
Ubiquiti Inc	12.00	$ 1,904.523 Millions	$ 158.688 Millions
Verifyme Inc	11.93	$ 26.303 Millions	$ 2.204 Millions
Digitalocean Holdings Inc	11.90	$ 672.519 Millions	$ 56.530 Millions
Data I	11.83	$ 28.461 Millions	$ 2.406 Millions
Premier Inc	11.82	$ 1,339.998 Millions	$ 113.406 Millions

Date modified: 2026-06-22T14:32:36+00:00

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