Nerds On Site (XCNQ:NERD) Receivables Turnover : 9.44 (As of Feb. 2024)

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What is Nerds On Site 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. Nerds On Site's Revenue for the three months ended in Feb. 2024 was C$2.76 Mil. Nerds On Site's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.29 Mil. Hence, Nerds On Site's Receivables Turnover for the three months ended in Feb. 2024 was 9.44.

Nerds On Site Receivables Turnover Historical Data

The historical data trend for Nerds On Site'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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Nerds On Site Receivables Turnover Chart

Nerds On Site Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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50.03

54.24

73.34

61.73

46.17

Nerds On Site Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															11.56	10.98	9.82	10.66	9.44

Competitive Comparison of Nerds On Site's Receivables Turnover

For the Information Technology Services subindustry, Nerds On Site'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.

Nerds On Site's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Nerds On Site's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nerds On Site's Receivables Turnover falls into.

Nerds On Site Receivables Turnover Calculation

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

Nerds On Site's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	10.526	/ (	(0.18	+	0.276)	/	2 )
=	10.526	/	0.228
=	46.17

Nerds On Site's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	2.757	/ (	(0.3	+	0.284)	/	2 )
=	2.757	/	0.292
=	9.44

Nerds On Site (XCNQ:NERD) 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.

Nerds On Site Receivables Turnover Related Terms

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Nerds On Site (XCNQ:NERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nerds On Site Inc (XCNQ:NERD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NOSUF:USA 3NS:Germany

Address

4026 Meadowbrook Drive, Unit 120-121, London, ON, CAN, N6L 1C7

Website

https://www.nerdsonsite.com

Nerds On Site Inc provides mobile information technology (IT) support for small to medium-sized enterprises. Its services include computer set-up, network installation, tailored software services, and IT support. The company offers business solutions and residential services. The corporation oversees and retains a network of technically proficient and specially trained independent IT consultants (Consultants) to help clients by providing on-site, effective, consistent, and customized IT solutions. Its revenue is principally derived from service fees charged for consulting services performed by the consultants and the sale of off-the-shelf software, hardware, and related support.

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