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PASSUR Aerospace (PASSUR Aerospace) Receivables Turnover : 1.55 (As of Jul. 2022)


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What is PASSUR Aerospace 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. PASSUR Aerospace's Revenue for the three months ended in Jul. 2022 was $1.48 Mil. PASSUR Aerospace's average Accounts Receivable for the three months ended in Jul. 2022 was $0.96 Mil. Hence, PASSUR Aerospace's Receivables Turnover for the three months ended in Jul. 2022 was 1.55.


PASSUR Aerospace Receivables Turnover Historical Data

The historical data trend for PASSUR Aerospace'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.

* Premium members only.

PASSUR Aerospace Receivables Turnover Chart

PASSUR Aerospace Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.41 11.64 12.93 12.79 8.37

PASSUR Aerospace Quarterly Data
Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
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 2.69 2.26 2.20 1.71 1.55

Competitive Comparison of PASSUR Aerospace's Receivables Turnover

For the Aerospace & Defense subindustry, PASSUR Aerospace'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.


PASSUR Aerospace's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, PASSUR Aerospace's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PASSUR Aerospace's Receivables Turnover falls into.



PASSUR Aerospace Receivables Turnover Calculation

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

PASSUR Aerospace's Receivables Turnover for the fiscal year that ended in Oct. 2021 is calculated as

Receivables Turnover (A: Oct. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2021 ) / ((Accounts Receivable (A: Oct. 2020 ) + Accounts Receivable (A: Oct. 2021 )) / count )
=6.157 / ((0.662 + 0.809) / 2 )
=6.157 / 0.7355
=8.37

PASSUR Aerospace's Receivables Turnover for the quarter that ended in Jul. 2022 is calculated as

Receivables Turnover (Q: Jul. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2022 ) / ((Accounts Receivable (Q: Apr. 2022 ) + Accounts Receivable (Q: Jul. 2022 )) / count )
=1.484 / ((1.008 + 0.911) / 2 )
=1.484 / 0.9595
=1.55

* 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.


PASSUR Aerospace  (OTCPK:PSSR) 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.


PASSUR Aerospace Receivables Turnover Related Terms

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PASSUR Aerospace (PASSUR Aerospace) Business Description

Traded in Other Exchanges
N/A
Address
One Landmark Square, Suite 1905, Stamford, CT, USA, 06901
PASSUR Aerospace Inc is engaged in digital operational excellence, providing predictive analytics and decision support technology for the aviation industry, to improve the operational performance and cash flow of airlines and the airports where they operate. The company's information solutions are used at five North American airlines; by airlines in Europe; by more than 60 airport customers (used at the top 30 North American airports); by more than 100 business aviation organizations; and by the US government.
Executives
Allison O'neill officer: Exec. VP Finance & Admin 883 INMAN VILLAGE PARKWAY, ATLANTA GA 30307
Richard L Haver director C/O PASSUR AEROSPACE, INC., ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Robert M. Stafford director C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Michael Owen Hulley director ONE LANDMARK SQUARE, SUITE 1900, STAMFORD NY 06901
Michael P. Schumaecker director BOX 205, ORLEANS MA 02653
Sean L Doherty officer: Exec. VP Finance & Admin 34 MILSON CRESCENT, GUELPH A6 N1C1G9
Michael Henne officer: Chief Commercial Officer ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Brian Gerald Cook director 840 ST. JOHNS AVE., GREEN COVE SPRINGS FL 32043
John Franklin Thomas director 25 BURR DRIVE, NEEDHAM MA 02492
Ronald Rose director
David Mackenzie Henderson officer: See Remarks ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
David Brukman officer: Chief Technology Officer 6 WATCH HILL DR., GREENWICH CT 06831
Keith D. Wichman officer: VP-Airline Solutions/Product C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901
William S. Leber officer: VP of Air-Traffic Innovations C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE SUITE 1900, STANFORD CT 06901
Thomas Scott White officer: Senior VP ATM & Technology C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901

PASSUR Aerospace (PASSUR Aerospace) Headlines

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