Viq Solutions Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2022 to a ratio of 37, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Viq Solutions Inc in Dec 31 2022 quarter, has decreased to 10 days, compared to 13 days, in the 0 quarter.

If we take a look into Technology sector 2 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 30, from overall ranking in the third quarter 2022 at 1728.

What is Receivable Turnover Ratio?
What is Viq Solutions Inc Selling?

What is Receivable Turnover Ratio?

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VQS Receivables Turnover Ratio	(Dec 31 2022) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2021) IV. Quarter
Y / Y Receivable Change	12.06 %	-	-	-	4.5 %
Y / Y Revenue Change	47.66 %	-	-	-	-
Receivable Turnover Ratio (TTM)	37	28.08	28.08	28.08	28.08
VQS's Total Ranking	# 30	# 1728	# 28	# 0	# 41
Accounts Receivable average collection period days	10	13	13	13	13
Seq. Receivable Change	-	-	-	-	-
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Internet Services & Social Media Industry	# 1
Technology Sector	# 3
Overall Market	# 30

Receivable Turnover Ratio Statistics
High	Average	Low
1212.58	919.53	626.49
(Dec 31 2022)		(Dec 31 2021)

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

Financial Statements
Viq Solutions Inc 's Accounts Receivable	$ 5 Millions	Visit VQS's Balance sheet
Viq Solutions Inc 's Sales TTM	$ 46 Millions	Visit VQS's Income Statement
Sources of VQS's Revenues		Visit VQS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Internet Services & Social Media Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
VQS's Receivable Turnover Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2022, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2022	Receivable at quarter ending Dec 31 2022
Global e Online Ltd	24.91	$ 409.049 Millions	$ 16.424 Millions
Dzs Inc	24.66	$ 360.541 Millions	$ 14.618 Millions
Joyy inc	23.81	$ 2,411.516 Millions	$ 101.283 Millions
Maxeon Solar Technologies Ltd	22.69	$ 1,060.113 Millions	$ 46.731 Millions
Gigamedia Ltd	22.32	$ 5.585 Millions	$ 0.250 Millions
Sidechannel Inc	21.44	$ 6.335 Millions	$ 0.296 Millions
Gdev Inc	21.12	$ 479.688 Millions	$ 22.709 Millions
Weibo Corporation	20.80	$ 1,836.332 Millions	$ 88.298 Millions
Scworx Corp	20.72	$ 36.032 Millions	$ 1.739 Millions
Data443 Risk Mitigation Inc	20.57	$ 2.627 Millions	$ 0.128 Millions
Snap One Holdings Corp	20.56	$ 1,123.811 Millions	$ 54.667 Millions
Vpr Brands Lp	20.10	$ 4.928 Millions	$ 0.245 Millions
Paycor Hcm Inc	19.99	$ 484.755 Millions	$ 24.244 Millions
Atlassian Corporation	19.76	$ 5,094.958 Millions	$ 257.808 Millions
Playtika Holding Corp	19.47	$ 2,615.500 Millions	$ 134.325 Millions
Netease Inc	19.29	$ 13,990.577 Millions	$ 725.348 Millions
Onfolio Holdings Inc	19.19	$ 2.220 Millions	$ 0.116 Millions
Upay Inc	18.98	$ 1.399 Millions	$ 0.074 Millions
Oracle Corporation	18.94	$ 107,364.000 Millions	$ 5,668.750 Millions
Engagesmart Inc	18.77	$ 303.920 Millions	$ 16.196 Millions
Phunware Inc	18.57	$ 21.794 Millions	$ 1.174 Millions
Rentokil Initial Plc	18.57	$ 3,714.000 Millions	$ 200.000 Millions
Ziprecruiter Inc	18.49	$ 904.649 Millions	$ 48.934 Millions
So young International Inc	18.13	$ 182.375 Millions	$ 10.060 Millions
Amesite Inc	18.02	$ 0.885 Millions	$ 0.049 Millions
Immersion Corporation	17.95	$ 38.496 Millions	$ 2.145 Millions
George Risk Industries Inc	17.94	$ 18.537 Millions	$ 1.033 Millions
Qxo Inc	17.62	$ 44.985 Millions	$ 2.554 Millions
Match Group Inc	17.49	$ 3,188.843 Millions	$ 182.321 Millions
Cootek cayman inc	17.47	$ 83.927 Millions	$ 4.804 Millions

Date modified: 2023-04-04T09:05:32+00:00

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