Danielsorate Advisory Co (Danielsorate Advisory Co) Receivables Turnover : 25.77 (As of Aug. 2022)

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What is Danielsorate Advisory Co 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. Danielsorate Advisory Co's Revenue for the three months ended in Aug. 2022 was $0.34 Mil. Danielsorate Advisory Co's average Accounts Receivable for the three months ended in Aug. 2022 was $0.01 Mil. Hence, Danielsorate Advisory Co's Receivables Turnover for the three months ended in Aug. 2022 was 25.77.

Danielsorate Advisory Co Receivables Turnover Historical Data

The historical data trend for Danielsorate Advisory Co'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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Danielsorate Advisory Co Receivables Turnover Chart

Danielsorate Advisory Co Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Receivables Turnover

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26.33

49.19

1,256.33

797.09

Danielsorate Advisory Co Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Receivables Turnover	Get a 7-Day Free Trial															49.54	39.07	72.88	31.54	25.77

Competitive Comparison of Danielsorate Advisory Co's Receivables Turnover

For the Consulting Services subindustry, Danielsorate Advisory Co'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.

Danielsorate Advisory Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Danielsorate Advisory Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Danielsorate Advisory Co's Receivables Turnover falls into.

Danielsorate Advisory Co Receivables Turnover Calculation

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

Danielsorate Advisory Co's Receivables Turnover for the fiscal year that ended in Nov. 2021 is calculated as

	Receivables Turnover (A: Nov. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2021 )	/ (	(Accounts Receivable (A: Nov. 2020 )	+	Accounts Receivable (A: Nov. 2021 ))	/	count )
=	4.384	/ (	(0.003	+	0.008)	/	2 )
=	4.384	/	0.0055
=	797.09

Danielsorate Advisory Co's Receivables Turnover for the quarter that ended in Aug. 2022 is calculated as

	Receivables Turnover (Q: Aug. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2022 )	/ (	(Accounts Receivable (Q: May. 2022 )	+	Accounts Receivable (Q: Aug. 2022 ))	/	count )
=	0.335	/ (	(0.018	+	0.008)	/	2 )
=	0.335	/	0.013
=	25.77

Danielsorate Advisory Co (OTCPK:DCAC) 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.

Danielsorate Advisory Co Receivables Turnover Related Terms

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Danielsorate Advisory Co (Danielsorate Advisory Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daniels Corporate Advisory Co Inc (OTCPK:DCAC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parker Towers, 104-60, Queens Boulevard, 12th Floor Forest Hills, New York, NY, USA, 11375

Website

https://danielsincubator.com

Daniels Corporate Advisory Co Inc through its subsidiaries is engaged in the business of offering corporate financial consulting services and merchant banking services. The company's divisions include the flip and credit rebuilding division. Its goal of providing advisory services to business services as well as non-business services client companies. Merchant banking includes equity funding of the growth of client and service companies, as well as funding equity of small public companies.

Executives

Arthur Viola

director, 10 percent owner, officer: CEO