Formula Systems (FORTY)

16.00 -0.22  -1.36%  May 25, 11:00PM Go Pro
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Formula Systems Receivables Turnover: 3.683

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FORTY Receivables Turnover Rankings

Overall 10th percentile 3100 of 3456
Sector 7th percentile 686 of 742 in Technology
Industry 11th percentile 48 of 54 in Business Software & Services

FORTY Receivables Turnover Range, Past 5 Years

Minimum 3.525 Jun 2009
Maximum 3.974 Sep 2011
Average 3.728

About Receivables Turnover Ratio

The receivable turnover ratio quantifies a company's ability to collect liabilities/debts. It helps investors gauge the efficiency of a company's collection and credit policies.

A high ratio value indicates an efficient and effective credit policy, and a low ratio indicates a debt collection problem.

The way to read the receivables turnover ratio is as follows. Assume that a company has a receivables turnover ratio of 10. We say that "the company turns over its receivables 10 times during the year." In other words, on average the company collects its outstanding receivables 10 times per year.
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FORTY News

Magic Announces Filing of 2011 Annual Report
Apr 03, 12:26PM PR Newswire
Sapiens signs $27M 4-year frame agreement
Nov 27, 11:41AM FlyOnTheWall
Watch $FORTY expanding revenue and returns nicely and stock is on fire over past 6 months
about 872 days ago by cep15

Recent Quotes

Symbol Price Chg Chg % Market Cap
FORTY 16.00 -0.22 -1.36% 226.24M
FNSR 14.91 +0.32 +2.19% 1.325B
FNLC 14.06 -0.08 -0.57% 138.21M
FNK 19.70 +0.16 +0.82%
FNIO 26.98 +0.04 +0.14%
FNI 18.97 +0.41 +2.21%
FNGN 21.16 +0.25 +1.20% 962.07M
FNF 19.21 +0.27 +1.43% 4.197B
FNBND 18.72 -0.22 -1.16%
FNBN 18.45 -0.27 -1.44% 394.99M
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