Reckon Limited

Reckon Limitedverified

RKN.AX

Price:

$0.59

Market Cap:

$66.84M

Reckon Limited provides software solutions in Australia, the United States, and internationally. The company operates through three divisions: Business Group; Practice Management Group, Accountants; and Practice Management Group, Legal. It offers Reckon One, an online accounting software for small businesses; Single Touch Payroll software for managing pay runs, allowances, leave, and superannuation; Reckon Accounts Hosted, an online accounting software to manage finances, payroll, and inventory for large businesses; Reckon Cloud POS, a cloud-based point of sale software; and Better Clinics, an online practice management software for allied health professionals. The company also provides Reck...[Read more]

Industry

Software - Application

IPO Date

1999-07-19

Stock Exchange

ASX

Ticker

RKN.AX

The Current Ratio as of January 2025 (TTM) for Reckon Limited (RKN.AX) is 0.37

According to Reckon Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.37. This represents a change of -5.60% compared to the average of 0.40 of the last 4 quarters.

Reckon Limited (RKN.AX) Historical Current Ratio (quarterly & annually)

How has RKN.AX Current Ratio performed in the past?

The mean historical Current Ratio of Reckon Limited over the last ten years is 0.75. The current 0.37 Current Ratio has changed 4.90% with respect to the historical average. Over the past ten years (40 quarters), RKN.AX's Current Ratio was at its highest in in the June 2022 quarter at 2.42. The Current Ratio was at its lowest in in the March 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

0.75

Median

0.74

Minimum

0.40

Maximum

1.24

Reckon Limited (RKN.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Reckon Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 55.94%

Maximum Annual Current Ratio = 1.24

Minimum Annual Increase = -27.83%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.448.89%
20220.40-16.62%
20210.48-24.03%
20200.63-26.71%
20190.86-20.08%
20181.08-13.00%
20171.2455.94%
20160.79-10.74%
20150.8930.74%
20140.68-27.83%

Reckon Limited (RKN.AX) Average Current Ratio

How has RKN.AX Current Ratio performed in the past?

The current Current Ratio of Reckon Limited (RKN.AX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.44

5-year avg

0.56

10-year avg

0.75

Reckon Limited (RKN.AX) Current Ratio vs. Peers

How is RKN.AX’s Current Ratio compared to its peers?

Reckon Limited’s Current Ratio is less than Infomedia Ltd (3.08), less than Ridley Corporation Limited (1.12), less than Technology One Limited (1.26), less than Data#3 Limited (1.07), less than Iress Limited (1.98),

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