Vado Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 7.18, above the company average. This is a clear sign of healthy business climate in the Advertising industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Vado in Sep 30 2024 quarter, has decreased to 51 days, compared to 58 days, in the Jun 30 2024 quarter.

If we take a look into Services sector 284 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 1554 to 1845.

What is Receivable Turnover Ratio?
What is Vado Corp Selling?

What is Receivable Turnover Ratio?

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VADO 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	-34 %	17.48 %	55.98 %	-	-
Y / Y Revenue Change	17.39 %	95.02 %	1.21 %	-	-
Receivable Turnover Ratio (TTM)	7.18	6.27	5.32	5.79	6.02
VADO's Total Ranking	# 1845	# 1554	# 1833	# 0	#
Accounts Receivable average collection period days	51	58	69	63	61
Seq. Receivable Change	-24.24 %	2.99 %	-13.68 %	-2 %	34.86 %
Seq. Revenue Change	-30.74 %	106.04 %	-18.1 %	0.44 %	15.06 %

Receivable Turnover Company Ranking
Within:	No.
Advertising Industry	# 10
Services Sector	# 285
Overall Market	# 1845

Receivable Turnover Ratio Statistics
High	Average	Low
7.13	6.46	5.74
(Sep 30 2024)		(Mar 31 2024)

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

Financial Statements
Vado's Accounts Receivable	$ 2 Millions	Visit VADO's Balance sheet
Vado's Sales TTM	$ 20 Millions	Visit VADO's Income Statement
Sources of VADO's Revenues		Visit VADO's Sales by Geography

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

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

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Investview Inc	24.94	$ 58.448 Millions	$ 2.344 Millions
Olb Group Inc	24.79	$ 16.012 Millions	$ 0.646 Millions
Denny s Corporation	24.00	$ 453.013 Millions	$ 18.875 Millions
Liberty Media Corporation	23.79	$ 10,344.000 Millions	$ 434.750 Millions
Urban Edge Properties	23.51	$ 445.181 Millions	$ 18.932 Millions
Vivakor Inc	23.51	$ 61.992 Millions	$ 2.637 Millions
Krispy Kreme Inc	23.46	$ 1,712.279 Millions	$ 72.991 Millions
Penn Entertainment Inc	23.07	$ 6,304.500 Millions	$ 273.225 Millions
Churchill Downs Inc	23.04	$ 2,671.300 Millions	$ 115.950 Millions
Cable One Inc	23.00	$ 1,604.143 Millions	$ 69.751 Millions
Playa Hotels and Resorts N v	22.57	$ 962.144 Millions	$ 42.628 Millions
Qwest Corporation	22.49	$ 5,601.000 Millions	$ 249.000 Millions
Angi Inc	22.24	$ 1,135.280 Millions	$ 51.055 Millions
Planet Fitness inc	21.71	$ 1,126.291 Millions	$ 51.879 Millions
Universal Technical Institute Inc	21.69	$ 732.687 Millions	$ 33.781 Millions
Nuvera Communications Inc	21.43	$ 68.513 Millions	$ 3.197 Millions
Redwood Mortgage Investors Ix	21.36	$ 6.254 Millions	$ 0.293 Millions
Cinemark Holdings Inc	21.35	$ 2,851.700 Millions	$ 133.575 Millions
Papa John s International Inc	21.32	$ 2,099.939 Millions	$ 98.504 Millions
Park Hotels and Resorts Inc	21.30	$ 2,631.000 Millions	$ 123.500 Millions
Wynn Resorts Limited	21.20	$ 7,129.624 Millions	$ 336.351 Millions
Madison Square Garden Sports Corp	21.16	$ 1,037.410 Millions	$ 49.016 Millions
Tss Inc	21.09	$ 121.512 Millions	$ 5.762 Millions
Fubotv Inc	21.01	$ 1,589.700 Millions	$ 75.655 Millions
Six Flags Entertainment Corporation	20.93	$ 2,392.739 Millions	$ 114.313 Millions
Caesars Entertainment inc	20.74	$ 11,271.000 Millions	$ 543.500 Millions
United Parks and Resorts Inc	20.25	$ 1,729.882 Millions	$ 85.432 Millions
Onespaworld Holdings Limited	20.24	$ 872.619 Millions	$ 43.107 Millions
Zillow Group Inc	20.15	$ 2,156.000 Millions	$ 107.000 Millions
Regis Corp	20.11	$ 195.670 Millions	$ 9.729 Millions

Date modified: 2026-09-08T15:22:13+00:00

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