Veritec Inc 's ability to collect accounts receivable sequentially worsen to 25.26, pointing to a challenging and on top of that deteriorating business climate for the Internet Services & Social Media industry. Average collection period, for Veritec Inc 's accounts receivable remained unchanged at 14 days, in the Sep 30 2024 quarter.

If we take a look into Technology sector 40 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 445 to 513.

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

What is Receivable Turnover Ratio?

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VRTC Receivables Turnover Ratio	(Sep 30 2024) I. Quarter	(Jun 30 2024) IV. Quarter	(Mar 31 2024) III. Quarter	(Dec 31 2023) II. Quarter	(Sep 30 2023) I. Quarter
Y / Y Receivable Change	0 %	14.29 %	42.86 %	557.14 %	-14.29 %
Y / Y Revenue Change	-32.76 %	162.3 %	56.32 %	0 %	-42.57 %
Receivable Turnover Ratio (TTM)	25.26	26.34	20.99	18.97	46.37
VRTC's Total Ranking	# 513	# 445	# 469	# 489	# 0
Accounts Receivable average collection period days	14	14	17	19	8
Seq. Receivable Change	-25 %	-20 %	-78.26 %	666.67 %	-14.29 %
Seq. Revenue Change	-75.63 %	17.65 %	27.1 %	84.48 %	-4.92 %

Receivable Turnover Company Ranking
Within:	No.
Internet Services & Social Media Industry	# 6
Technology Sector	# 41
Overall Market	# 513

Receivable Turnover Ratio Statistics
High	Average	Low
61.73	43.02	18.97
(Jun 30 2018)		(Dec 31 2023)

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

Financial Statements
Veritec Inc 's Accounts Receivable	$ 0 Millions	Visit VRTC's Balance sheet
Veritec Inc 's Sales TTM	$ 0 Millions	Visit VRTC's Income Statement
Sources of VRTC's Revenues		Visit VRTC'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
VRTC'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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VRTC's Profitability Ratios	VRTC's Roi	VRTC's Asset Turnover Ratio	VRTC's Dividend Growth
VRTC's Valuation Ratios	VRTC's Roe	VRTC's Financial Strength Ratios	VRTC'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
Resonate Blends Inc	165.10	$ 1.300 Millions	$ 0.008 Millions
Trump Media and Technology Group Corp	131.76	$ 2.619 Millions	$ 0.020 Millions
Applied Digital Corporation	117.77	$ 189.956 Millions	$ 1.613 Millions
Banzai International Inc	93.55	$ 7.345 Millions	$ 0.079 Millions
Freeze Tag Inc	92.03	$ 2.006 Millions	$ 0.022 Millions
Datasea Inc	90.17	$ 38.176 Millions	$ 0.423 Millions
Marketwise Inc	70.59	$ 423.378 Millions	$ 5.998 Millions
Backblaze Inc	70.03	$ 122.499 Millions	$ 1.749 Millions
BIOREGENX, INC.	70.02	$ 2.558 Millions	$ 0.037 Millions
BioScience Health Innovations, Inc.	69.38	$ 1.538 Millions	$ 0.022 Millions
Compass Inc	69.01	$ 5,345.100 Millions	$ 77.450 Millions
Paycom Software Inc	68.97	$ 1,823.922 Millions	$ 26.445 Millions
Scworx Corp	67.81	$ 41.213 Millions	$ 0.608 Millions
Legalzoom com Inc	56.98	$ 677.130 Millions	$ 11.883 Millions
Ibex Limited	54.18	$ 513.677 Millions	$ 9.481 Millions
Liberty Tripadvisor Holdings inc	53.75	$ 1,814.000 Millions	$ 33.750 Millions
Toast Inc	51.61	$ 4,658.000 Millions	$ 90.250 Millions
Godaddy Inc	50.62	$ 4,480.900 Millions	$ 88.525 Millions
Bill Holdings Inc	45.46	$ 1,342.351 Millions	$ 29.527 Millions
Paylocity Holding Corporation	43.38	$ 1,447.885 Millions	$ 33.376 Millions
Semrush Holdings Inc	42.68	$ 356.579 Millions	$ 8.354 Millions
Paltalk Inc	42.34	$ 7.309 Millions	$ 0.173 Millions
Dzs Inc	42.11	$ 161.327 Millions	$ 3.831 Millions
Data443 Risk Mitigation Inc	41.98	$ 5.967 Millions	$ 0.142 Millions
Klaviyo Inc	39.24	$ 867.352 Millions	$ 22.103 Millions
Eventbrite Inc	37.69	$ 335.919 Millions	$ 8.912 Millions
Onfolio Holdings Inc	37.37	$ 6.590 Millions	$ 0.176 Millions
Dropbox Inc	37.33	$ 2,538.500 Millions	$ 68.000 Millions
Veralto Corporation	36.87	$ 7,614.000 Millions	$ 206.500 Millions
Netlist Inc	36.45	$ 146.784 Millions	$ 4.027 Millions

Date modified: 2025-01-16T22:42:39+00:00

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