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RemSense Technologies (ASX:REM) Receivables Turnover : 3.81 (As of Dec. 2024)


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What is RemSense Technologies 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. RemSense Technologies's Revenue for the six months ended in Dec. 2024 was A$3.12 Mil. RemSense Technologies's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.82 Mil. Hence, RemSense Technologies's Receivables Turnover for the six months ended in Dec. 2024 was 3.81.

RemSense Technologies Receivables Turnover Historical Data

The historical data trend for RemSense Technologies'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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RemSense Technologies Receivables Turnover Chart

RemSense Technologies Annual Data
Trend Jun22 Jun23 Jun24
Receivables Turnover
7.23 5.87 20.53

RemSense Technologies Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial 1.55 2.54 9.12 11.27 3.81

Competitive Comparison of RemSense Technologies's Receivables Turnover

For the Information Technology Services subindustry, RemSense Technologies'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.

RemSense Technologies's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, RemSense Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where RemSense Technologies's Receivables Turnover falls into.


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RemSense Technologies Receivables Turnover Calculation

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

RemSense Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=1.663 / ((0.156 + 0.006) / 2 )
=1.663 / 0.081
=20.53

RemSense Technologies's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=3.115 / ((0.006 + 1.629) / 2 )
=3.115 / 0.8175
=3.81

* 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.

RemSense Technologies  (ASX:REM) 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.

RemSense Technologies Receivables Turnover Related Terms

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RemSense Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Receivables Turnover
Comparable Companies
ASX:ATV ASX:DXN ASX:SOC ASX:AD1 ASX:CT1 ASX:CGO ASX:IFG ASX:CCG ASX:ASV ASX:CCA IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS CTSH TSE:6702 XMAD:AMS
Traded in Other Exchanges
N/A
Address
580 Hay Street, Suite 173, Level 3, Perth, WA, AUS, 6000
Website
https://www.remsense.com.au
RemSense Technologies Ltd is engaged in technology development digital engineering solutions and its virtual plant photogrammic Digital Twin software product and services in a range of markets and applications in Western Australia. It is engaged in developing and market virtual plant is a productive and scalable photogrammetric digital twin that enables visual information from remote or distributed assets to be securely available to all users on existing hardware. data and analytics services to clients through both aerial and terrestrial scanning and imaging and a broad spectrum of services such as photogrammetry/surveying, inspection of assets, and environmental and rehabilitation impact studies.