NTG Clarity Networks (TSXV:NCI) Receivables Turnover : 1.36 (As of Sep. 2023)

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What is NTG Clarity Networks 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. NTG Clarity Networks's Revenue for the three months ended in Sep. 2023 was C$7.00 Mil. NTG Clarity Networks's average Accounts Receivable for the three months ended in Sep. 2023 was C$5.13 Mil. Hence, NTG Clarity Networks's Receivables Turnover for the three months ended in Sep. 2023 was 1.36.

NTG Clarity Networks Receivables Turnover Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Receivables Turnover Chart

NTG Clarity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.83

4.87

5.35

5.73

8.77

NTG Clarity Networks 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															2.04	1.55	1.32	1.36	1.54

Competitive Comparison of NTG Clarity Networks's Receivables Turnover

For the Software - Application subindustry, NTG Clarity Networks'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.

NTG Clarity Networks's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, NTG Clarity Networks's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NTG Clarity Networks's Receivables Turnover falls into.

NTG Clarity Networks Receivables Turnover Calculation

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

NTG Clarity Networks'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: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	17.652	/ (	(2.998	+	3.163)	/	2 )
=	17.652	/	3.0805
=	5.73

NTG Clarity Networks'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 )
=	7.004	/ (	(4.939	+	5.33)	/	2 )
=	7.004	/	5.1345
=	1.36

NTG Clarity Networks (TSXV:NCI) 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.

NTG Clarity Networks Receivables Turnover Related Terms

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NTG Clarity Networks (TSXV:NCI) Business Description

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NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

NTG Clarity Networks (TSXV:NCI) Headlines

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