Airship AI Holdings (Airship AI Holdings) Receivables Turnover : 5.70 (As of Dec. 2023)

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What is Airship AI 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. Airship AI Holdings's Revenue for the six months ended in Dec. 2023 was $6.59 Mil. Airship AI Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $1.16 Mil. Hence, Airship AI Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 5.70.

Airship AI Holdings Receivables Turnover Historical Data

The historical data trend for Airship AI 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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Airship AI Holdings Receivables Turnover Chart

Airship AI Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

15.69

18.93

10.45

Airship AI Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	9.08	9.92	8.33	5.70

Competitive Comparison of Airship AI Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Airship AI 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.

Airship AI Holdings's Receivables Turnover Distribution in the Software Industry

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

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

Airship AI Holdings Receivables Turnover Calculation

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

Airship AI Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	12.3	/ (	(0.706	+	1.649)	/	2 )
=	12.3	/	1.1775
=	10.45

Airship AI Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.591	/ (	(0.665	+	1.649)	/	2 )
=	6.591	/	1.157
=	5.70

Airship AI Holdings (NAS:AISP) 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.

Airship AI Holdings Receivables Turnover Related Terms

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Airship AI Holdings (Airship AI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airship AI Holdings Inc (NAS:AISP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12226 134th Court NE, Redmond, WA, USA, 98052

Website

https://www.airship.ai

Airship AI Holdings Inc is a U.S.-owned and operated technology company. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before it occur and meaningful intelligence to decision makers. Its platform is specifically developed for law enforcement, military, and commercial enterprise organizations that operate in mission-critical environments where failure is not an option.

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