Spetz (DBKSF) Receivables Turnover : 0.80 (As of Sep. 2024)

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What is Spetz 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. Spetz's Revenue for the three months ended in Sep. 2024 was $0.33 Mil. Spetz's average Accounts Receivable for the three months ended in Sep. 2024 was $0.41 Mil. Hence, Spetz's Receivables Turnover for the three months ended in Sep. 2024 was 0.80.

Spetz Receivables Turnover Historical Data

The historical data trend for Spetz'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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Spetz Receivables Turnover Chart

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

Receivables Turnover

0.41

2.68

3.25

4.29

Spetz Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.01	0.82	1.15	1.05	0.80

Competitive Comparison of Spetz's Receivables Turnover

For the Software - Application subindustry, Spetz'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.

Spetz's Receivables Turnover Distribution in the Software Industry

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

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

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Spetz Receivables Turnover Calculation

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

Spetz'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: Jan. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2.031	/ (	(0	+	0.473)	/	1 )
=	2.031	/	0.473
=	4.29

Spetz'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 )
=	0.328	/ (	(0.428	+	0.39)	/	2 )
=	0.328	/	0.409
=	0.80

Spetz (OTCPK:DBKSF) 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.

Spetz Receivables Turnover Related Terms

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Spetz Business Description

Industry

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Traded in Other Exchanges

SPTZ:Canada

Address

40 King Street West, Scotia Plaza, Suite 5800, P.O. Box 1011, Miller Thomson Llp, Toronto, ON, CAN, M5H 3S1

Website

https://www.spetz.app

Spetz Inc is a multinational technology company that operates Spetz, a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel. Connecting them immediately with the top-matched service provider for any need, anytime, anywhere.