CLPMF (Clip Money) Receivables Turnover : 2.32 (As of Sep. 2024)

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What is Clip Money 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. Clip Money's Revenue for the three months ended in Sep. 2024 was $0.52 Mil. Clip Money's average Accounts Receivable for the three months ended in Sep. 2024 was $0.23 Mil. Hence, Clip Money's Receivables Turnover for the three months ended in Sep. 2024 was 2.32.

Clip Money Receivables Turnover Historical Data

The historical data trend for Clip Money'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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Clip Money Receivables Turnover Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.78

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial									2.35	2.68	2.05	2.32	2.32

Competitive Comparison of Clip Money's Receivables Turnover

For the Software - Infrastructure subindustry, Clip Money'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.

Clip Money's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Clip Money's Receivables Turnover falls into.

Clip Money Receivables Turnover Calculation

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

Clip Money'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 )
=	0.578	/ (	(0	+	0.153)	/	1 )
=	0.578	/	0.153
=	3.78

Clip Money's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.521	/ (	(0.196	+	0.254)	/	2 )
=	0.521	/	0.225
=	2.32

Clip Money (OTCPK:CLPMF) 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.

Clip Money Receivables Turnover Related Terms

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Clip Money Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The Company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and an innovative cloud-based transaction engine that maximizes business banking transactions. Clip also facilitates mobile change orders, which are fully insured and shipped within one to two business days.