Integrated Cyber Solutions (XCNQ:ICS) Receivables Turnover : 1.70 (As of Sep. 2023)

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What is Integrated Cyber Solutions 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. Integrated Cyber Solutions's Revenue for the three months ended in Sep. 2023 was C$0.07 Mil. Integrated Cyber Solutions's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.04 Mil. Hence, Integrated Cyber Solutions's Receivables Turnover for the three months ended in Sep. 2023 was 1.70.

Integrated Cyber Solutions Receivables Turnover Historical Data

The historical data trend for Integrated Cyber Solutions'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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Integrated Cyber Solutions Receivables Turnover Chart

Integrated Cyber Solutions Annual Data

Trend

Jun22

Jun23

Receivables Turnover

9.68

Integrated Cyber Solutions Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	-	0.17	1.94	1.70

Competitive Comparison of Integrated Cyber Solutions's Receivables Turnover

For the Software - Infrastructure subindustry, Integrated Cyber Solutions'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.

Integrated Cyber Solutions's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Integrated Cyber Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Integrated Cyber Solutions's Receivables Turnover falls into.

Integrated Cyber Solutions Receivables Turnover Calculation

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

Integrated Cyber Solutions's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0.3	/ (	(0	+	0.031)	/	1 )
=	0.3	/	0.031
=	9.68

Integrated Cyber Solutions'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 )
=	0.068	/ (	(0.031	+	0.049)	/	2 )
=	0.068	/	0.04
=	1.70

Integrated Cyber Solutions (XCNQ:ICS) 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.

Integrated Cyber Solutions Receivables Turnover Related Terms

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Integrated Cyber Solutions (XCNQ:ICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Integrated Cyber Solutions Inc (XCNQ:ICS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Stiles Road, Salem, NH, USA, 03079

Website

https://www.integrated-cyber.com

Integrated Cyber Solutions Inc delivers cyber services to small-to-medium businesses by integrating various third-party security service providers into the IC360 operating system. In addition to providing key cybersecurity services, Integrated Cyber correlates information across multiple siloed platforms in their customers' environments to help them understand and manage their environments with simple, understandable, and actionable insights. The company emphasizes the human side of cybersecurity management, simplifying cyber concepts, and focusing on the critical role employee behavior plays in a company's cyber defenses. Its services include Vulnerability Management, MDR/XDR, and Cyber Training and awareness.

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