Frequency Exchange (TSXV:FREQ) Receivables Turnover : 18.71 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Frequency Exchange 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. Frequency Exchange's Revenue for the three months ended in Sep. 2023 was C$0.16 Mil. Frequency Exchange's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.01 Mil. Hence, Frequency Exchange's Receivables Turnover for the three months ended in Sep. 2023 was 18.71.

Frequency Exchange Receivables Turnover Historical Data

The historical data trend for Frequency Exchange'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.

* Premium members only.

Frequency Exchange Receivables Turnover Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Receivables Turnover

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					11.71	26.38	5.17	7.02	18.71

Competitive Comparison of Frequency Exchange's Receivables Turnover

For the Medical Devices subindustry, Frequency Exchange'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.

Frequency Exchange's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Frequency Exchange's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Frequency Exchange's Receivables Turnover falls into.

Frequency Exchange Receivables Turnover Calculation

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

Frequency Exchange's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.699	/ (	(0	+	0)	/	1 )
=	0.699	/	0
=	N/A

Frequency Exchange's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.159	/ (	(0.013	+	0.004)	/	2 )
=	0.159	/	0.0085
=	18.71

Frequency Exchange (TSXV:FREQ) 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.

Frequency Exchange Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Frequency Exchange's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer