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. Digital Ally's Revenue for the
three
months ended in Dec. 2023 was $5.93 Mil. Digital Ally's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1.80 Mil.
Hence, Digital Ally's Receivables Turnover for the
three
months ended in Dec. 2023 was 3.29.
Digital Ally Receivables Turnover Historical Data
The historical data trend for Digital Ally'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.
Competitive Comparison of Digital Ally's Receivables Turnover
For the Internet Content & Information subindustry, Digital Ally'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.
Digital Ally's Receivables Turnover Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Digital Ally's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Digital Ally's Receivables Turnover falls into.
Digital Ally Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Digital Ally's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Digital Ally (NAS:DGLY) 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.
Digital Ally Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Digital Ally's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school bus, taxicab and military. The company sells its products to law enforcement agencies and other security organizations and consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally. It has three segments: Video Solutions Segment, Revenue Cycle Management and Ticketing Segment.
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