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Snowflake Inc   (SNOW)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Snowflake Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Snowflake Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 5.28, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Snowflake Inc in Oct 31 2023 quarter, has decreased to 69 days, compared to 70 days, in the Jul 31 2023 quarter.

If we take a look into Technology sector 400 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2581, from overall ranking in the second quarter 2024 at 2696.

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


What is Receivable Turnover Ratio?




SNOW Receivables Turnover Ratio (Oct 31 2023)
III. Quarter
(Jul 31 2023)
II. Quarter
(Apr 30 2023)
I. Quarter
(Jan 31 2023)
IV. Quarter
(Oct 31 2022)
III. Quarter
Y / Y Receivable Change 29.68 % 33.26 % 27.18 % 31.19 % 54.99 %
Y / Y Revenue Change 31.63 % 35.47 % 47.64 % 53.48 % 66.55 %
Receivable Turnover Ratio (TTM) 5.28 5.23 5.13 4.88 4.89
SNOW's Total Ranking # 2581 # 2696 # 2674 # 2838 # 2427
Average receivable collection period 69 70 71 75 75
Seq. Receivable Change 25.75 % 15.13 % -50.69 % 81.65 % 29.22 %
Seq. Revenue Change 8.85 % 8.02 % 5.87 % 5.74 % 12.02 %


Receivable Turnover Company Ranking
Within: No.
Software & Programming Industry # 133
Technology Sector # 401
Overall Market # 2581

Receivable Turnover Ratio Statistics
High Average Low
20.94 8.87 0.36
(Mar 31 2017)   (Sep 30 2014)






Financial Statements
Snowflake Inc 's Accounts Receivable $ 511 Millions Visit SNOW's Balance sheet
Snowflake Inc 's Sales TTM $ 2,619 Millions Visit SNOW's Income Statement
Where are SNOW's Sales coming from? Visit SNOW'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
SNOW's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for SNOW's Competitors
Receivables Turnover Ratio for SNOW's Suppliers
Accounts Receivables Turnover Ratio for SNOW's Customers

You may also want to know
SNOW's Growth Rates SNOW's Roa SNOW's Inventory Turnover Ratio SNOW's Dividend Comparisons
SNOW's Profitability Ratios SNOW's Roi SNOW's Asset Turnover Ratio SNOW's Dividend Growth
SNOW's Valuation Ratios SNOW's Roe SNOW's Financial Strength Ratios SNOW's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Oct 31 2023, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Oct 31 2023 Receivable at quarter ending Oct 31 2023
Blacksky Technology Inc   14.09 $ 78.401  Millions$ 5.565  Millions
Amesite Inc   13.77 $ 0.628  Millions$ 0.046  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
Nxp Semiconductors N v   13.09 $ 13,166.000  Millions$ 1,005.750  Millions
Soundhound Ai Inc   13.07 $ 42.424  Millions$ 3.246  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$ 80.948  Millions
Leafly Holdings Inc   12.69 $ 44.218  Millions$ 3.484  Millions
Hp inc   12.60 $ 53,718.000  Millions$ 4,263.250  Millions
Pineapple Energy Inc   12.45 $ 72.838  Millions$ 5.848  Millions
Block Inc   12.45 $ 20,793.483  Millions$ 1,670.050  Millions
Oblong Inc   12.45 $ 3.759  Millions$ 0.302  Millions
Consensus Cloud Solutions Inc   12.19 $ 360.266  Millions$ 29.554  Millions
8x8 Inc   12.18 $ 737.215  Millions$ 60.533  Millions
Minim 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
Broadcom Inc   11.62 $ 35,819.000  Millions$ 3,083.250  Millions
Golden Matrix Group Inc   11.59 $ 44.174  Millions$ 3.810  Millions

Date modified: 2023-12-05T12:17:55+00:00



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