Thoughtworks Holding Inc 's ability to collect accounts receivable sequentially worsen to 3.67, indicating more challenging environment then in the second quarter 2024, but still, it is a far cry from any concerns. Average collection period, for Thoughtworks Holding Inc 's accounts receivable remained unchanged at 99 days, in the Sep 30 2024 quarter.

If we take a look into Technology sector 201 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1314, from overall ranking in the second quarter 2024 at 3058.

What is Receivable Turnover Ratio?
What is Thoughtworks Holding Inc Selling?

What is Receivable Turnover Ratio?

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TWKS Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Receivable Change	-4.98 %	-4.84 %	-9.76 %	-12.68 %	-7.32 %
Y / Y Revenue Change	-6.7 %	-12.38 %	-19.04 %	-18.78 %	-15.73 %
Receivable Turnover Ratio (TTM)	3.67	3.69	3.77	3.88	3.94
TWKS's Total Ranking	# 1314	# 3058	# 1025	# 998	# 1051
Accounts Receivable average collection period days	99	99	97	94	93
Seq. Receivable Change	1.18 %	4.79 %	-6.55 %	-4.09 %	1.32 %
Seq. Revenue Change	3.86 %	1.24 %	-1.5 %	-9.91 %	-2.46 %

Receivable Turnover Company Ranking
Within:	No.
Cloud Computing & Data Analytics Industry	# 46
Technology Sector	# 202
Overall Market	# 1314

Receivable Turnover Ratio Statistics
High	Average	Low
0.85	0.82	0.79
(Dec 31 2023)		(Sep 30 2024)

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

Financial Statements
Thoughtworks Holding Inc 's Accounts Receivable	$ 280 Millions	Visit TWKS's Balance sheet
Thoughtworks Holding Inc 's Sales TTM	$ 1,014 Millions	Visit TWKS's Income Statement
Sources of TWKS's Revenues		Visit TWKS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Cloud Computing & Data Analytics Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TWKS's Receivable Turnover Ratio versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Algorhythm Holdings Inc	9.93	$ 29.935 Millions	$ 3.015 Millions
Socket Mobile Inc	9.92	$ 18.330 Millions	$ 1.848 Millions
Sharplink Inc	9.87	$ 3.866 Millions	$ 0.392 Millions
Matterport Inc	9.78	$ 165.308 Millions	$ 16.894 Millions
Ultra Clean Holdings Inc	9.77	$ 1,978.200 Millions	$ 202.575 Millions
Mayville Engineering Company inc	9.74	$ 608.880 Millions	$ 62.494 Millions
Alpha Technology Group Ltd	9.64	$ 1.581 Millions	$ 0.164 Millions
Shutterstock inc	9.63	$ 902.175 Millions	$ 93.686 Millions
Cisco Systems Inc	9.58	$ 52,976.000 Millions	$ 5,530.750 Millions
Sigmatron International Inc	9.54	$ 335.497 Millions	$ 35.169 Millions
Koss Corporation	9.50	$ 12.291 Millions	$ 1.293 Millions
Five9 Inc	9.49	$ 1,000.214 Millions	$ 105.348 Millions
Red Cat Holdings Inc	9.48	$ 16.469 Millions	$ 1.736 Millions
Gopro Inc	9.44	$ 896.011 Millions	$ 94.961 Millions
Zedge Inc	9.42	$ 30.204 Millions	$ 3.207 Millions
Optex Systems Holdings Inc	9.32	$ 33.529 Millions	$ 3.597 Millions
Dell Technologies Inc	9.28	$ 93,954.000 Millions	$ 10,121.500 Millions
Intrusion Inc	9.24	$ 5.204 Millions	$ 0.563 Millions
Cirrus Logic Inc	9.22	$ 1,906.604 Millions	$ 206.782 Millions
Guerrilla RF, Inc.	9.22	$ 20.428 Millions	$ 2.216 Millions
Agilysys Inc	9.18	$ 254.183 Millions	$ 27.685 Millions
Qorvo Inc	9.17	$ 3,948.029 Millions	$ 430.761 Millions
Soundhound Ai Inc	9.12	$ 67.297 Millions	$ 7.382 Millions
Super Micro Computer Inc	9.10	$ 18,804.859 Millions	$ 2,066.871 Millions
Ambarella Inc	9.08	$ 250.565 Millions	$ 27.594 Millions
Carecloud Inc	9.08	$ 111.014 Millions	$ 12.230 Millions
Zoom Communications Inc	9.03	$ 4,626.480 Millions	$ 512.459 Millions
Hubspot Inc	9.02	$ 2,505.388 Millions	$ 277.742 Millions
Roblox Corporation	9.02	$ 3,536.536 Millions	$ 392.212 Millions
Red Violet Inc	9.00	$ 70.685 Millions	$ 7.857 Millions

Date modified: 2026-08-29T17:45:59+00:00

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