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Zoompass Holdings (Zoompass Holdings) Receivables Turnover : 0.20 (As of Dec. 2020)


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What is Zoompass Holdings 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. Zoompass Holdings's Revenue for the three months ended in Dec. 2020 was $0.11 Mil. Zoompass Holdings's average Accounts Receivable for the three months ended in Dec. 2020 was $0.56 Mil. Hence, Zoompass Holdings's Receivables Turnover for the three months ended in Dec. 2020 was 0.20.

Zoompass Holdings Receivables Turnover Historical Data

The historical data trend for Zoompass Holdings'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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Zoompass Holdings Receivables Turnover Chart

Zoompass Holdings Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial - - - - 1.87

Zoompass Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 - - 0.46 1.60 0.20

Competitive Comparison of Zoompass Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Zoompass Holdings'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.

Zoompass Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Zoompass Holdings's Receivables Turnover distribution charts can be found below:

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


Zoompass Holdings Receivables Turnover Calculation

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

Zoompass Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=0.872 / ((0 + 0.467) / 1 )
=0.872 / 0.467
=1.87

Zoompass Holdings's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

Receivables Turnover (Q: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2020 ) / ((Accounts Receivable (Q: Sep. 2020 ) + Accounts Receivable (Q: Dec. 2020 )) / count )
=0.114 / ((0.652 + 0.467) / 2 )
=0.114 / 0.5595
=0.20

* 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.

Zoompass Holdings  (OTCPK:ZPAS) 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.

Zoompass Holdings Receivables Turnover Related Terms

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Zoompass Holdings (Zoompass Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoompass Holdings Inc (OTCPK:ZPAS) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
2455 Cawthra Road, Suite 75, Mississauga, ON, CAN, L5A3P1
Website
https://zoompass.com
Zoompass Holdings Inc is a Fintech company that develops and acquires software platforms and services. The firm offers Prepaid cards, Mobility solutions, cryptocurrency platform operations, research, development, strategical planning solutions and others. The business operating segment includes the rendering of professional services. Main Business assets consist of technology IP related to cryptocurrency exchange/wallet, certain strategic partnerships and customer contracts. Substantial revenue accrues from time basis billing for IT professional services to customers.