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AIMLF (AI/ML Innovations) Receivables Turnover : 3.00 (As of Oct. 2024)


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What is AI/ML Innovations 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. AI/ML Innovations's Revenue for the three months ended in Oct. 2024 was $0.03 Mil. AI/ML Innovations's average Accounts Receivable for the three months ended in Oct. 2024 was $0.01 Mil. Hence, AI/ML Innovations's Receivables Turnover for the three months ended in Oct. 2024 was 3.00.


AI/ML Innovations Receivables Turnover Historical Data

The historical data trend for AI/ML Innovations'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.

AI/ML Innovations Receivables Turnover Chart

AI/ML Innovations Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.13 7.78 9.98

AI/ML Innovations Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 1.64 2.03 1.44 2.40 3.00

Competitive Comparison of AI/ML Innovations's Receivables Turnover

For the Health Information Services subindustry, AI/ML Innovations'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.


AI/ML Innovations's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, AI/ML Innovations's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AI/ML Innovations's Receivables Turnover falls into.



AI/ML Innovations Receivables Turnover Calculation

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

AI/ML Innovations's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Receivables Turnover (A: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2024 ) / ((Accounts Receivable (A: Apr. 2023 ) + Accounts Receivable (A: Apr. 2024 )) / count )
=0.439 / ((0.073 + 0.015) / 2 )
=0.439 / 0.044
=9.98

AI/ML Innovations's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

Receivables Turnover (Q: Oct. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2024 ) / ((Accounts Receivable (Q: Jul. 2024 ) + Accounts Receivable (Q: Oct. 2024 )) / count )
=0.03 / ((0.01 + 0.01) / 2 )
=0.03 / 0.01
=3.00

* 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.


AI/ML Innovations  (OTCPK:AIMLF) 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.


AI/ML Innovations Receivables Turnover Related Terms

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AI/ML Innovations Business Description

Traded in Other Exchanges
Address
645 Fort Street, Suite 203, Victoria, BC, CAN, V8W 1G2
AI/ML Innovations Inc is a holding company. The company along with its subsidiaries is engaged in the research and development of health and wearable technologies, and the sale of licenses and consulting services related to those technologies.