Shopify Inc

NYSE SHOP

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Shopify Inc Average Collection Period 3 year CAGR for the quarter ending March 31, 2024: 3.19%

Shopify Inc Average Collection Period 3 year CAGR is 3.19% for the quarter ending March 31, 2024, a 195.18% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Shopify Inc Average Collection Period for the quarter ending March 31, 2023 was 128.77, a 2.54% change year over year.
  • Shopify Inc Average Collection Period for the quarter ending March 31, 2022 was 125.57, a 11.40% change year over year.
  • Shopify Inc Average Collection Period for the quarter ending March 31, 2021 was 112.72, a -20.97% change year over year.
  • Shopify Inc Average Collection Period for the quarter ending March 31, 2020 was 142.63, a 41.55% change year over year.
NYSE: SHOP

Shopify Inc

CEO Mr. Tobias Lütke
IPO Date May 21, 2015
Location Canada
Headquarters 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8
Employees 8,300
Sector Technology
Industry Software - application
Description

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

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StockViz Staff

September 19, 2024

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