Sharpspring Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2021 to a ratio of 20.07, 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 second quarter 2021. Average receivable collection period, for the Sharpspring Inc in Jun 30 2021 quarter, has decreased to 18 days, compared to 19 days, in the Mar 31 2021 quarter.

If we take a look into Technology sector 326 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2021 from 621 to 1828.

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What is Sharpspring Inc Selling?

What is Receivable Turnover Ratio?

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SHSP Receivables Turnover Ratio	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter
Y / Y Receivable Change	-1.06 %	7.51 %	17.39 %	39.08 %	60.43 %
Y / Y Revenue Change	11.49 %	13.28 %	24.88 %	27.65 %	31.78 %
Receivable Turnover Ratio (TTM)	20.07	19.47	19.22	18.95	19.17
SHSP's Total Ranking	# 1828	# 621	# 752	# 1719	# 1719
Accounts Receivable average collection period days	18	19	19	19	19
Seq. Receivable Change	-4 %	3.8 %	10.38 %	-10.05 %	4.31 %
Seq. Revenue Change	1.46 %	4.33 %	4.8 %	0.49 %	3.09 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 76
Technology Sector	# 327
Overall Market	# 1828

Receivable Turnover Ratio Statistics
High	Average	Low
4.71	1.09	0.11
(Mar 31 2013)		(Mar 31 2017)

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

Financial Statements
Sharpspring Inc 's Accounts Receivable	$ 2 Millions	Visit SHSP's Balance sheet
Sharpspring Inc 's Sales TTM	$ 31 Millions	Visit SHSP's Income Statement
Sources of SHSP's Revenues		Visit SHSP'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
SHSP'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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SHSP's Growth Rates	SHSP's Roa	SHSP's Inventory Turnover Ratio	SHSP's Dividend Comparisons
SHSP's Profitability Ratios	SHSP's Roi	SHSP's Asset Turnover Ratio	SHSP's Dividend Growth
SHSP's Valuation Ratios	SHSP's Roe	SHSP's Financial Strength Ratios	SHSP's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2021, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2021	Receivable at quarter ending Jun 30 2021
Iiot oxys Inc	51.92	$ 0.211 Millions	$ 0.004 Millions
Avidxchange Holdings Inc	46.39	$ 299.896 Millions	$ 6.464 Millions
Datto Holding Corp	45.87	$ 627.653 Millions	$ 13.683 Millions
Veritec Inc	45.76	$ 0.389 Millions	$ 0.009 Millions
Paycom Software Inc	41.92	$ 931.823 Millions	$ 22.227 Millions
Dropbox Inc	41.57	$ 2,033.700 Millions	$ 48.925 Millions
Elys Game Technology Corp	40.59	$ 48.133 Millions	$ 1.186 Millions
Exeo Entertainment Inc.	39.17	$ 0.019 Millions	$ 0.000 Millions
Ooma Inc	37.64	$ 179.858 Millions	$ 4.778 Millions
Data443 Risk Mitigation Inc	34.35	$ 3.131 Millions	$ 0.091 Millions
Dzs Inc	34.04	$ 346.359 Millions	$ 10.175 Millions
Cyberloq Technologies Inc	33.83	$ 0.005 Millions	$ 0.000 Millions
Hashicorp Inc	31.82	$ 1,171.563 Millions	$ 36.818 Millions
Ziprecruiter Inc	31.21	$ 461.828 Millions	$ 14.796 Millions
Datasea Inc	30.24	$ 0.175 Millions	$ 0.006 Millions
Avalon Globocare Corp	30.01	$ 1.350 Millions	$ 0.045 Millions
Appfolio Inc	27.63	$ 324.479 Millions	$ 11.743 Millions
Sonos Inc	27.16	$ 1,697.042 Millions	$ 62.472 Millions
Golden Nugget Online Gaming inc	26.98	$ 175.488 Millions	$ 6.505 Millions
Red Cat Holdings Inc	25.94	$ 5.848 Millions	$ 0.225 Millions
Digerati Technologies Inc	25.84	$ 12.416 Millions	$ 0.481 Millions
Bill Holdings Inc	25.69	$ 238.265 Millions	$ 9.275 Millions
Mix Telematics Limited	24.34	$ 134.295 Millions	$ 5.517 Millions
Pros Holdings Inc	23.84	$ 246.145 Millions	$ 10.324 Millions
Vimeo Inc	23.45	$ 96.046 Millions	$ 4.096 Millions
Switch Inc	23.20	$ 529.090 Millions	$ 22.809 Millions
Intuit Inc	21.19	$ 9,633.000 Millions	$ 454.500 Millions
Netlist Inc	20.85	$ 100.957 Millions	$ 4.842 Millions
Technical Communications Corporation	20.82	$ 3.330 Millions	$ 0.160 Millions
Qxo Inc	20.61	$ 42.577 Millions	$ 2.066 Millions

Date modified: 2023-03-25T05:14:02+00:00

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