Foresight Autonomous Holdings (Foresight Autonomous Holdings) Receivables Turnover : 0.45 (As of Dec. 2023)

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What is Foresight Autonomous Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Foresight Autonomous Holdings's Revenue for the three months ended in Dec. 2023 was $0.14 Mil. Foresight Autonomous Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $0.31 Mil. Hence, Foresight Autonomous Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 0.45.

Foresight Autonomous Holdings Receivables Turnover Historical Data

The historical data trend for Foresight Autonomous Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Foresight Autonomous Holdings Receivables Turnover Chart

Foresight Autonomous Holdings Annual Data

Trend

Dec14

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Dec23

Receivables Turnover

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1.61

Foresight Autonomous Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	0.45

Competitive Comparison of Foresight Autonomous Holdings's Receivables Turnover

For the Auto Parts subindustry, Foresight Autonomous Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Foresight Autonomous Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Foresight Autonomous Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Foresight Autonomous Holdings's Receivables Turnover falls into.

Foresight Autonomous Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Foresight Autonomous Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.497	/ (	(0	+	0.308)	/	1 )
=	0.497	/	0.308
=	1.61

Foresight Autonomous Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.138	/ (	(0	+	0.308)	/	1 )
=	0.138	/	0.308
=	0.45

Foresight Autonomous Holdings (NAS:FRSX) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Foresight Autonomous Holdings Receivables Turnover Related Terms

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Foresight Autonomous Holdings (Foresight Autonomous Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foresight Autonomous Holdings Ltd (NAS:FRSX) » Definitions » Receivables Turnover

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FRSX:Israel

Address

7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650

Website

https://www.foresightauto.com

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.