DGTL Holdings (TSXV:DGTL) Receivables Turnover : 2.34 (As of Feb. 2024)

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What is DGTL 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. DGTL Holdings's Revenue for the three months ended in Feb. 2024 was C$0.22 Mil. DGTL Holdings's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.09 Mil. Hence, DGTL Holdings's Receivables Turnover for the three months ended in Feb. 2024 was 2.34.

DGTL Holdings Receivables Turnover Historical Data

The historical data trend for DGTL 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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DGTL Holdings Receivables Turnover Chart

DGTL Holdings Annual Data

Trend

May19

May20

May21

May22

May23

Receivables Turnover

0.32

3.92

4.61

4.73

DGTL Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.99	0.89	1.23	2.84	2.34

Competitive Comparison of DGTL Holdings's Receivables Turnover

For the Internet Content & Information subindustry, DGTL 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.

DGTL Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, DGTL Holdings's Receivables Turnover distribution charts can be found below:

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

DGTL Holdings Receivables Turnover Calculation

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

DGTL Holdings's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	2.41	/ (	(0.624	+	0.394)	/	2 )
=	2.41	/	0.509
=	4.73

DGTL Holdings's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.216	/ (	(0.063	+	0.122)	/	2 )
=	0.216	/	0.0925
=	2.34

DGTL Holdings (TSXV:DGTL) 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.

DGTL Holdings Receivables Turnover Related Terms

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DGTL Holdings (TSXV:DGTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » DGTL Holdings Inc (TSXV:DGTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DGTHF:USA D0G:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.dgtlinc.com

DGTL Holdings Inc is a disruptive digital media and advertising technology company, powered by artificial intelligence. The company engaged in accelerating fully commercialized enterprise-level software-as-a-service companies via a blend of unique capitalization structures, including investment, mergers, and acquisitions, earnouts, and licensing structures. The Company has one reportable operating segment Engagement Labs Inc., an enterprise-level social intelligence technology company located in Canada.

Executives

John David Alexander Belfontaine

10% Security Holder, Director, Senior Officer

DGTL Holdings (TSXV:DGTL) Headlines

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