FLXT (Flexpoint Sensor Systems) Receivables Turnover: 1.79 (As of Sep. 2024)

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What is Flexpoint Sensor Systems Receivables Turnover?

Flexpoint Sensor Systems FLXT Receivables Turnover is 1.79 as of Sep. 2024.

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. Flexpoint Sensor Systems's Revenue for the three months ended in Sep. 2024 was $0.05 Mil. Flexpoint Sensor Systems's average Accounts Receivable for the three months ended in Sep. 2024 was $0.03 Mil. Hence, Flexpoint Sensor Systems's Receivables Turnover for the three months ended in Sep. 2024 was 1.79.

Flexpoint Sensor Systems  (OTCPK:FLXT) 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.

Flexpoint Sensor Systems Receivables Turnover Related Terms

Flexpoint Sensor Systems Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Flexpoint Sensor Systems'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.

Flexpoint Sensor Systems Receivables Turnover Chart

Flexpoint Sensor Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.67 5.82 24.71 10.41 3.31

Flexpoint Sensor Systems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.38 1.11 0.37 1.84 1.79

FLXT vs AKTSQ, ELST, GRMN: Receivables Turnover Comparison

For the Scientific & Technical Instruments subindustry, Flexpoint Sensor Systems'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.

Flexpoint Sensor Systems Receivables Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Flexpoint Sensor Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flexpoint Sensor Systems's Receivables Turnover falls into.


Flexpoint Sensor Systems Receivables Turnover Calculation

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

Flexpoint Sensor Systems's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=0.106 / ((0.02 + 0.044) / 2 )
=0.106 / 0.032
=3.31

Flexpoint Sensor Systems's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=0.052 / ((0.037 + 0.021) / 2 )
=0.052 / 0.029
=1.79

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.79 mean?
Flexpoint Sensor Systems (FLXT) has a Receivables Turnover of 1.79 as of Sep. 2024. The accounts 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. View historical data on Flexpoint Sensor Systems and its competitors.
Is Flexpoint Sensor Systems' Receivables Turnover too high?
Flexpoint Sensor Systems' current Receivables Turnover is 1.79. The Hardware industry median Receivables Turnover is 4.90. Flexpoint Sensor Systems' value of 1.79 is 63.4% below this industry median.
How does Flexpoint Sensor Systems' Receivables Turnover compare to AKTSQ and ELST?
Flexpoint Sensor Systems' Receivables Turnover of 1.79 can be compared against companies in the Hardware industry. The industry median Receivables Turnover is 4.90. Flexpoint Sensor Systems' value of 1.79 is 63.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flexpoint Sensor Systems's current Receivables Turnover of 1.79 is 63.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Flexpoint Sensor Systems and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flexpoint Sensor Systems's current Receivables Turnover is 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexpoint Sensor Systems stock overvalued right now?
Flexpoint Sensor Systems (FLXT) has a current Receivables Turnover of 1.79. The current Receivables Turnover is 1.79 and 63.4% below the Hardware industry median of 4.90. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Flexpoint Sensor Systems (FLXT), the current Receivables Turnover is 1.79 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Flexpoint Sensor Systems Business Description

Address 5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081
Flexpoint Sensor Systems Inc designs, manufactures, and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor and USB Bend Sensor Kit.