Connected IO (ASX:CIO) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Connected IO 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. Connected IO's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Connected IO's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.03 Mil.

Connected IO Receivables Turnover Historical Data

The historical data trend for Connected IO'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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Connected IO Receivables Turnover Chart

Connected IO Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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30.21

42.42

20.46

32.84

Connected IO Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															89.29	4.24	3.52	-	-

Competitive Comparison of Connected IO's Receivables Turnover

For the Communication Equipment subindustry, Connected IO'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.

Connected IO's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Connected IO's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Connected IO's Receivables Turnover falls into.

Connected IO Receivables Turnover Calculation

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

Connected IO's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0	/ (	(0.053	+	0)	/	1 )
=	0	/	0.053
=	N/A

Connected IO'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 )
=	0	/ (	(0	+	0.032)	/	1 )
=	0	/	0.032
=	N/A

Connected IO (ASX:CIO) 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.

Connected IO Receivables Turnover Related Terms

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Connected IO (ASX:CIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Connected IO Ltd (ASX:CIO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

44 St Georges Terrace, Level 24, Perth, WA, AUS, 6000

Website

https://www.connectedio.com

Connected IO Ltd develops wireless products for machine-to-machine (M2M) communications and Internet of Things (IoT) connectivity. The company provides embedded product engineering, software development, and industrial design services to product and technology companies in select market segments. Its product profile includes drones, wireless LAN, Employment terminals, Robotics, Kiosks, Vending machines, and others. It is focused on sales and marketing of the Group's products and further product development The Group is in the business of providing certain hardware including routers, cellular enabled products and other related hardware products. The Group generates revenue largely in the United States of America.