Mary Agrotechnologies (XCNQ:MARY) Receivables Turnover : 0.10 (As of Mar. 2024)

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What is Mary Agrotechnologies 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. Mary Agrotechnologies's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Mary Agrotechnologies's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.02 Mil. Hence, Mary Agrotechnologies's Receivables Turnover for the three months ended in Mar. 2024 was 0.10.

Mary Agrotechnologies Receivables Turnover Historical Data

The historical data trend for Mary Agrotechnologies'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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Mary Agrotechnologies Receivables Turnover Chart

Mary Agrotechnologies Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

2.50

1.69

2.12

1.11

Mary Agrotechnologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											0.49	1.88	-	0.80	0.10

Competitive Comparison of Mary Agrotechnologies's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Mary Agrotechnologies'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.

Mary Agrotechnologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mary Agrotechnologies's Receivables Turnover distribution charts can be found below:

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

Mary Agrotechnologies Receivables Turnover Calculation

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

Mary Agrotechnologies's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.05	/ (	(0.058	+	0.032)	/	2 )
=	0.05	/	0.045
=	1.11

Mary Agrotechnologies's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.002	/ (	(0.008	+	0.033)	/	2 )
=	0.002	/	0.0205
=	0.10

Mary Agrotechnologies (XCNQ:MARY) 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.

Mary Agrotechnologies Receivables Turnover Related Terms

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Mary Agrotechnologies (XCNQ:MARY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mary Agrotechnologies Inc (XCNQ:MARY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

MRRYF:USA

Address

115 Apple Creek Boulevard, Unit 3 and 4, Markham, ON, CAN, L3R 6C9

Website

https://www.mary.ag

Mary Agrotechnologies Inc is a data-driven agriculture technology company. The primary business activity of the Company is to produce a fully automated plant-growing device managed and controlled by an artificially intelligent algorithm, allowing consumers to grow their herbs and vegetables effortlessly from seed to plant while providing optimal conditions to assure premium quality produce year-round. The Company operates mainly in the fields of development and distribution of home-growing automated machines and commercial containers for a variety of herbs and vegetables worldwide.

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