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Vado (VADP) Receivables Turnover : 1.47 (As of Sep. 2023)


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What is Vado 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. Vado's Revenue for the three months ended in Sep. 2023 was $4.35 Mil. Vado's average Accounts Receivable for the three months ended in Sep. 2023 was $2.95 Mil. Hence, Vado's Receivables Turnover for the three months ended in Sep. 2023 was 1.47.

Vado Receivables Turnover Historical Data

The historical data trend for Vado'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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Vado Receivables Turnover Chart

Vado Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21
Receivables Turnover
- - - - -

Vado Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 1.92 1.74 1.47

Competitive Comparison of Vado's Receivables Turnover

For the Advertising Agencies subindustry, Vado'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.

Vado's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Vado's Receivables Turnover distribution charts can be found below:

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


Vado Receivables Turnover Calculation

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

Vado's Receivables Turnover for the fiscal year that ended in Nov. 2021 is calculated as

Receivables Turnover (A: Nov. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Nov. 2021 ) / ((Accounts Receivable (A: Nov. 2020 ) + Accounts Receivable (A: Nov. 2021 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Vado'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 )
=4.35 / ((2.515 + 3.391) / 2 )
=4.35 / 2.953
=1.47

* 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.

Vado  (OTCPK:VADP) 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.

Vado Receivables Turnover Related Terms

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Vado (VADP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Vado Corp (OTCPK:VADP) » Definitions » Receivables Turnover
Comparable Companies
BFAC PRPC ISRL CONX CFIV PHYT BOAC CFFS RCFA PPYA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4001 South 700 East, Suite 500, Salt Lake City, UT, USA, 84107
Website
https://www.vadocorphq.com
Vado Corp is a development stage company seeking new business opportunities in the United States and abroad.