Rignet Inc 's ability to collect accounts receivable sequentially worsen to 3.37, indicating more challenging environment then in the third quarter 2020, but still, it is a far cry from any concerns. Rignet Inc 's Accounts Receivable average collection period in the Dec 31 2020 quarter, has increased to 108 days, from 105 days, in the Sep 30 2020 quarter.

If we take a look into Services sector 134 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 860, from overall ranking in the third quarter 2020 at 3315.

What is Receivable Turnover Ratio?
What is Rignet Inc Selling?

What is Receivable Turnover Ratio?

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RNET Receivables Turnover Ratio	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter
Y / Y Receivable Change	-18.54 %	-5.35 %	3.09 %	-14.28 %	-0.58 %
Y / Y Revenue Change	-26.6 %	-20.12 %	-11.5 %	2.18 %	6.39 %
Receivable Turnover Ratio (TTM)	3.37	3.47	3.62	3.75	3.59
RNET's Total Ranking	# 860	# 3315	# 860	# 3315	# 860
Accounts Receivable average collection period days	108	105	101	97	102
Seq. Receivable Change	-6.76 %	-16.26 %	10.12 %	-5.26 %	8.34 %
Seq. Revenue Change	-3.44 %	-8.74 %	-9.14 %	-8.32 %	5.09 %

Receivable Turnover Company Ranking
Within:	No.
Communications Services Industry	# 10
Services Sector	# 135
Overall Market	# 860

Receivable Turnover Ratio Statistics
High	Average	Low
1.12	0.97	0.87
(March 31, 2015)		(Sep 30 2016)

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

Financial Statements
Rignet Inc 's Accounts Receivable	$ 55 Millions	Visit RNET's Balance sheet
Rignet Inc 's Sales TTM	$ 208 Millions	Visit RNET's Income Statement
Sources of RNET's Revenues		Visit RNET's Sales by Geography

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

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RNET's Growth Rates	RNET's Roa	RNET's Inventory Turnover Ratio	RNET's Dividend Comparisons
RNET's Profitability Ratios	RNET's Roi	RNET's Asset Turnover Ratio	RNET's Dividend Growth
RNET's Valuation Ratios	RNET's Roe	RNET's Financial Strength Ratios	RNET's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2020, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2020	Receivable at quarter ending Dec 31 2020
Booking Holdings Inc	10.37	$ 6,796.000 Millions	$ 655.250 Millions
Tencent Music Entertainment Group	10.35	$ 4,329.221 Millions	$ 418.473 Millions
Matson inc	10.34	$ 2,383.300 Millions	$ 230.425 Millions
Casella Waste Systems Inc	10.33	$ 774.584 Millions	$ 74.984 Millions
World Wrestling Entertainment Inc	10.31	$ 974.207 Millions	$ 94.472 Millions
Ciso Global Inc	10.23	$ 7.241 Millions	$ 0.708 Millions
Echostar Corporation	10.12	$ 1,887.907 Millions	$ 186.559 Millions
Priority Technology Holdings Inc	10.06	$ 404.342 Millions	$ 40.204 Millions
Madison Square Garden Sports Corp	9.96	$ 502.811 Millions	$ 50.465 Millions
Ucloudlink Group Inc	9.94	$ 89.569 Millions	$ 9.009 Millions
Lincoln Educational Services Corporation	9.94	$ 293.095 Millions	$ 29.496 Millions
Travelzoo	9.91	$ 53.601 Millions	$ 5.408 Millions
Mays J W Inc	9.83	$ 19.339 Millions	$ 1.967 Millions
Heritage Global Inc	9.80	$ 26.183 Millions	$ 2.671 Millions
Lumen Technologies inc	9.79	$ 20,712.000 Millions	$ 2,115.500 Millions
Evi Industries Inc	9.78	$ 228.507 Millions	$ 23.369 Millions
Global Industrial Company	9.77	$ 1,029.000 Millions	$ 105.375 Millions
Landmark Infrastructure Partners Lp	9.75	$ 58.839 Millions	$ 6.032 Millions
Comcast corporation	9.68	$ 103,564.000 Millions	$ 10,700.750 Millions
Restaurant Brands International Limited Partnership	9.65	$ 4,968.000 Millions	$ 514.750 Millions
Restaurant Brands International Inc	9.65	$ 4,968.000 Millions	$ 514.750 Millions
Cleartronic Inc	9.55	$ 1.706 Millions	$ 0.179 Millions
Carriage Services Inc	9.54	$ 329.448 Millions	$ 34.548 Millions
Diamond S Shipping Inc	9.41	$ 595.910 Millions	$ 63.304 Millions
I3 Verticals Inc	9.38	$ 152.336 Millions	$ 16.235 Millions
Nukkleus Inc	9.37	$ 19.200 Millions	$ 2.048 Millions
Republic Services Inc	9.34	$ 10,153.600 Millions	$ 1,087.575 Millions
Repay Holdings Corporation	9.32	$ 155.036 Millions	$ 16.634 Millions
Firefly Aerospace Inc	9.31	$ 334.355 Millions	$ 35.899 Millions
Pacific Green Technologies Inc	9.28	$ 67.243 Millions	$ 7.242 Millions

Date modified: 2026-06-22T16:30:25+00:00

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