FRGT (Freight Technologies) Receivables Turnover : 0.00 (As of Dec. 2024)

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What is Freight Technologies 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. Freight Technologies's Revenue for the six months ended in Dec. 2024 was $0.00 Mil. Freight Technologies's average Accounts Receivable for the six months ended in Dec. 2024 was $4.70 Mil.

Freight Technologies Receivables Turnover Historical Data

The historical data trend for Freight Technologies'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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Freight Technologies Receivables Turnover Chart

Freight Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.82

9.53

6.57

3.30

3.09

Freight Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							2.19	1.70	2.02	1.45	-

Competitive Comparison of Freight Technologies's Receivables Turnover

For the Software - Application subindustry, Freight Technologies'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.

Freight Technologies's Receivables Turnover Distribution in the Software Industry

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

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

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Freight Technologies Receivables Turnover Calculation

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

Freight Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	13.729	/ (	(5.36	+	3.533)	/	2 )
=	13.729	/	4.4465
=	3.09

Freight Technologies's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0	/ (	(5.867	+	3.533)	/	2 )
=	0	/	4.7
=	N/A

Freight Technologies (NAS:FRGT) 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.

Freight Technologies Receivables Turnover Related Terms

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Freight Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freight Technologies Inc (NAS:FRGT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

2001 Timberloch Place, Suite 500, The Woodlands, TX, USA, 77380

Website

https://www.fr8technologies.com

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. The company uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.