On Track Innovations Ltd.'s ability to collect accounts receivable sequentially worsen to 3.67, indicating more challenging environment then in the fourth quarter 2021, but still, it is a far cry from any concerns. On Track Innovations Ltd.'s Accounts Receivable average collection period in the Mar 31 2022 quarter, has increased to 99 days, from 79 days, in the Dec 31 2021 quarter.

If we take a look into Technology sector 96 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 843, from overall ranking in the fourth quarter 2021 at 2228.

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What is Receivable Turnover Ratio?

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OTIV Receivables Turnover Ratio	(Mar 31 2022) I. Quarter	(Dec 31 2021) IV. Quarter	(Sep 30 2021) III. Quarter	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter
Y / Y Receivable Change	194.93 %	1440.28 %	28.01 %	43.8 %	29.62 %
Y / Y Revenue Change	4.48 %	105.46 %	68.75 %	-29.38 %	-24.49 %
Receivable Turnover Ratio (TTM)	3.67	4.64	5.24	4.82	6.15
OTIV's Total Ranking	# 843	# 2228	# 769	# 2167	# 776
Accounts Receivable average collection period days	100	79	70	76	59
Seq. Receivable Change	60.99 %	-14.85 %	3.66 %	107.54 %	740.74 %
Seq. Revenue Change	-31.38 %	-16.33 %	76.75 %	2.96 %	34.94 %

Receivable Turnover Company Ranking
Within:	No.
Semiconductors Industry	# 14
Technology Sector	# 97
Overall Market	# 843

Receivable Turnover Ratio Statistics
High	Average	Low
1.13	0.71	0.49
(Mar 31 2022)		(Sep 30 2015)

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

Financial Statements
On Track Innovations Ltd.'s Accounts Receivable	$ 5 Millions	Visit OTIV's Balance sheet
On Track Innovations Ltd.'s Sales TTM	$ 15 Millions	Visit OTIV's Income Statement
Sources of OTIV's Revenues		Visit OTIV's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2022, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2022	Receivable at quarter ending Mar 31 2022
Cmc Materials Inc	7.69	$ 1,262.613 Millions	$ 164.187 Millions
Optex Systems Holdings Inc	7.68	$ 18.562 Millions	$ 2.418 Millions
Duck Creek Technologies Inc	7.66	$ 288.631 Millions	$ 37.661 Millions
Cloudflare Inc	7.66	$ 730.538 Millions	$ 95.363 Millions
Sigmatron International Inc	7.66	$ 378.866 Millions	$ 49.469 Millions
Palantir Technologies Inc	7.62	$ 1,647.012 Millions	$ 216.220 Millions
Life Clips Inc.	7.62	$ 5.295 Millions	$ 0.695 Millions
Amplitech Group Inc	7.59	$ 9.902 Millions	$ 1.304 Millions
Genasys Inc	7.58	$ 51.519 Millions	$ 6.796 Millions
Micropac Industries Inc	7.58	$ 29.308 Millions	$ 3.866 Millions
Bandwidth Inc	7.58	$ 508.792 Millions	$ 67.165 Millions
Nextgen Healthcare Inc	7.57	$ 596.350 Millions	$ 78.731 Millions
Birchtech Corp	7.56	$ 13.327 Millions	$ 1.763 Millions
Ringcentral Inc	7.56	$ 1,710.054 Millions	$ 226.293 Millions
Intellinetics Inc	7.55	$ 11.529 Millions	$ 1.527 Millions
Alphabet Inc	7.53	$ 270,334.000 Millions	$ 35,885.750 Millions
Cognex Corp	7.46	$ 1,079.688 Millions	$ 144.826 Millions
Healthstream Inc	7.45	$ 258.611 Millions	$ 34.727 Millions
Goodrx Holdings Inc	7.39	$ 788.322 Millions	$ 106.719 Millions
Healthcare Triangle Inc	7.35	$ 46.373 Millions	$ 6.308 Millions
Extreme Networks Inc	7.35	$ 1,112.213 Millions	$ 151.383 Millions
Skyworks Solutions Inc	7.32	$ 5,273.300 Millions	$ 720.250 Millions
Allient Inc	7.32	$ 416.624 Millions	$ 56.913 Millions
Innodata inc	7.32	$ 74.980 Millions	$ 10.246 Millions
Analog Devices Inc	7.29	$ 9,754.778 Millions	$ 1,337.382 Millions
Mobivity Holdings Corp	7.28	$ 7.747 Millions	$ 1.064 Millions
Caci International Inc	7.28	$ 6,124.656 Millions	$ 841.595 Millions
Netapp Inc	7.27	$ 6,318.000 Millions	$ 869.250 Millions
Andrea Electronics Corporation	7.25	$ 1.748 Millions	$ 0.241 Millions
Cirrus Logic Inc	7.24	$ 1,781.460 Millions	$ 245.974 Millions

Date modified: 2026-08-31T10:45:50+00:00

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