Geolocation Technology (FSE:4018) Receivables Turnover : 2.19 (As of Mar. 2024)

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What is Geolocation Technology 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. Geolocation Technology's Revenue for the three months ended in Mar. 2024 was 円187.1 Mil. Geolocation Technology's average Accounts Receivable for the three months ended in Mar. 2024 was 円85.6 Mil. Hence, Geolocation Technology's Receivables Turnover for the three months ended in Mar. 2024 was 2.19.

Geolocation Technology Receivables Turnover Historical Data

The historical data trend for Geolocation Technology'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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Geolocation Technology Receivables Turnover Chart

Geolocation Technology Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

11.77

12.10

12.94

13.42

11.99

Geolocation Technology Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											2.35	1.83	2.54	2.40	2.19

Competitive Comparison of Geolocation Technology's Receivables Turnover

For the Information Technology Services subindustry, Geolocation Technology'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.

Geolocation Technology's Receivables Turnover Distribution in the Software Industry

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

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

Geolocation Technology Receivables Turnover Calculation

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

Geolocation Technology's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	767.48	/ (	(57.862	+	70.205)	/	2 )
=	767.48	/	64.0335
=	11.99

Geolocation Technology's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	187.097	/ (	(81.533	+	89.579)	/	2 )
=	187.097	/	85.556
=	2.19

Geolocation Technology (FSE:4018) 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.

Geolocation Technology Receivables Turnover Related Terms

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Geolocation Technology (FSE:4018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Geolocation Technology Inc (FSE:4018) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Ichibancho, Mishima, Shizuoka, JPN, 411-0036

Website

https://www.geolocation.co.jp

Geolocation Technology Inc is engaged in the development of application services based on SURFPOINT, the data base of IP addresses. It is primarily involved in intellectual property geolocation business, Ad Tech business, IP address transfer business, web content production business, web marketing business and others.

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