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. Franklin Wireless's Revenue for the
three
months ended in Dec. 2023 was $8.85 Mil. Franklin Wireless's average Accounts Receivable for the
three
months ended in Dec. 2023 was $11.68 Mil.
Hence, Franklin Wireless's Receivables Turnover for the
three
months ended in Dec. 2023 was 0.76.
Franklin Wireless Receivables Turnover Historical Data
The historical data trend for Franklin Wireless'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.
Competitive Comparison of Franklin Wireless's Receivables Turnover
For the Communication Equipment subindustry, Franklin Wireless'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.
Franklin Wireless's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Franklin Wireless's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Franklin Wireless's Receivables Turnover falls into.
Franklin Wireless Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Franklin Wireless's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Franklin Wireless (NAS:FKWL) 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.
Franklin Wireless Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Franklin Wireless's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Wireless (Franklin Wireless) Business Description
Franklin Wireless Corp is a provider of wireless solutions, including mobile hotspots, routers, and modems, as well as hardware and software products that support machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, modems, and gateways built to deliver reliable always-on connectivity supporting a spectrum of applications. These products are designed to solve wireless connectivity challenges in a range of vertical markets, including video surveillance, digital signage, home security, oil and gas exploration, kiosks, fleet management, smart grid, vehicle diagnostics, and telematics.
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