Wealthcraft Capital (Wealthcraft Capital) Receivables Turnover : 1.31 (As of Sep. 2023)

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What is Wealthcraft Capital 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. Wealthcraft Capital's Revenue for the three months ended in Sep. 2023 was $0.42 Mil. Wealthcraft Capital's average Accounts Receivable for the three months ended in Sep. 2023 was $0.32 Mil. Hence, Wealthcraft Capital's Receivables Turnover for the three months ended in Sep. 2023 was 1.31.

Wealthcraft Capital Receivables Turnover Historical Data

The historical data trend for Wealthcraft Capital'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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Wealthcraft Capital Receivables Turnover Chart

Wealthcraft Capital Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Receivables Turnover

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13.78

3.76

3.77

Wealthcraft Capital Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Sep15	Mar16	Jun16	Sep16	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	1.07	1.31

Competitive Comparison of Wealthcraft Capital's Receivables Turnover

For the Security & Protection Services subindustry, Wealthcraft Capital'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.

Wealthcraft Capital's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Wealthcraft Capital's Receivables Turnover distribution charts can be found below:

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

Wealthcraft Capital Receivables Turnover Calculation

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

Wealthcraft Capital's Receivables Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Receivables Turnover (A: Dec. 2008 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2008 )	/ (	(Accounts Receivable (A: Dec. 2007 )	+	Accounts Receivable (A: Dec. 2008 ))	/	count )
=	1.589	/ (	(0.432	+	0.412)	/	2 )
=	1.589	/	0.422
=	3.77

Wealthcraft Capital'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: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.415	/ (	(0.319	+	0.316)	/	2 )
=	0.415	/	0.3175
=	1.31

Wealthcraft Capital (OTCPK:WCCP) 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.

Wealthcraft Capital Receivables Turnover Related Terms

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Wealthcraft Capital (Wealthcraft Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wealthcraft Capital Inc (OTCPK:WCCP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 South Park Avenue, Suite 818, Pomona, CA, USA, 91766

Website

https://www.wealthcraftcapital.com

Wealthcraft Capital Inc operates through its subsidiary which is engaged in providing security services for commercial, retail, and industrial customers, with customized services and special patrol methods applicable to the cannabis industry.

Executives

Li Jenny Xiao Zhen	officer: CFO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR
Hulleman Curtis Cornelius	director, 10 percent owner, officer: Director and CIO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR
Tallas Kelly Jay Michael	director, 10 percent owner, officer: President & CEO	ROOM 1005, 10TH FLOOR, 3 ARBUTHNOT ROAD, HONG KONG K3 SAR

Wealthcraft Capital (Wealthcraft Capital) Headlines

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