Cuentas (Cuentas) Receivables Turnover : 0.80 (As of Mar. 2024)

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What is Cuentas 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. Cuentas's Revenue for the three months ended in Mar. 2024 was $0.64 Mil. Cuentas's average Accounts Receivable for the three months ended in Mar. 2024 was $0.80 Mil. Hence, Cuentas's Receivables Turnover for the three months ended in Mar. 2024 was 0.80.

Cuentas Receivables Turnover Historical Data

The historical data trend for Cuentas'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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Cuentas Receivables Turnover Chart

Cuentas Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.26

53.91

27.22

3.09

Cuentas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.30	0.18	1.64	1.24	0.80

Competitive Comparison of Cuentas's Receivables Turnover

For the Software - Application subindustry, Cuentas'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.

Cuentas's Receivables Turnover Distribution in the Software Industry

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

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

Cuentas Receivables Turnover Calculation

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

Cuentas'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 )
=	2.346	/ (	(0.209	+	1.307)	/	2 )
=	2.346	/	0.758
=	3.09

Cuentas's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.639	/ (	(1.307	+	0.29)	/	2 )
=	0.639	/	0.7985
=	0.80

Cuentas (OTCPK:CUENW) 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.

Cuentas Receivables Turnover Related Terms

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Cuentas (Cuentas) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cuentas Inc (OTCPK:CUENW) » Definitions » Receivables Turnover

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CUEN:USA

Address

235 Lincoln Road, Suite 210, Miami Beach, FL, USA, 33139

Website

https://www.cuentas.com

Cuentas Inc is a FinTech e-banking and e-commerce service provider with proprietary technology aimed at providing solutions for the underbanked and un-banked Hispanic and Latino population. The company operates in two segments: Telecommunications and General Purpose Reloadable Cards. Its services include mobile banking, online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer-to-peer money transferring, and providing access to bank accounts for customers who previously could not obtain bank accounts. The proprietary Cuentas General Purpose Reloadable (GPR) Card provides holders with a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.