FutureTech II Acquisition (FutureTech II Acquisition) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is FutureTech II Acquisition 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. FutureTech II Acquisition's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. FutureTech II Acquisition's average Accounts Receivable for the three months ended in Mar. 2024 was $0.00 Mil.

FutureTech II Acquisition Receivables Turnover Historical Data

The historical data trend for FutureTech II Acquisition'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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FutureTech II Acquisition Receivables Turnover Chart

FutureTech II Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

FutureTech II Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of FutureTech II Acquisition's Receivables Turnover

For the Shell Companies subindustry, FutureTech II Acquisition'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.

FutureTech II Acquisition's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FutureTech II Acquisition's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FutureTech II Acquisition's Receivables Turnover falls into.

FutureTech II Acquisition Receivables Turnover Calculation

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

FutureTech II Acquisition's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

FutureTech II Acquisition'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

FutureTech II Acquisition (NAS:FTII) 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.

FutureTech II Acquisition Receivables Turnover Related Terms

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FutureTech II Acquisition (FutureTech II Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FutureTech II Acquisition Corp (NAS:FTII) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Gail Drive, New Rochelle, NY, USA, 10805

Website

FutureTech II Acquisition Corp is a blank check company.

Executives

Ray Lei Chen	director, officer: Chief Executive Officer & CFO	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Futuretech Partners Ii Llc	10 percent owner	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jonathan F Mckeage	director	C/O INFOTECH USA INC, 7 KINGSBRIDGE ROAD, FAIRFIELD NJ 07004
Neil Bush	director	1675 BROADWAY, SUITE 2200, DENVER CO 80202
Aroop Zutshi	director	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Yuquan Wang	director, 10 percent owner, officer: Chief Executive Officer	128 GAIL DRIVE, NEW ROCHELLE NY 10805
Jeffrey Alan Moseley	director	1036 LIBERTY PARK DRIVE #22, AUSTIN TX 78746
Michael William Greenall	director, officer: Chief Financial Officer	42 JALAN SRI HARTAMAS 17, TAMAN SRI HARTAMAS, KUALA LUMPUR N8 50480

FutureTech II Acquisition (FutureTech II Acquisition) Headlines

From GuruFocus

FutureTech II Acquisition Corp. Confirms Funding and Extension of Period to Complete Initial Business Combination

By sperokesalga sperokesalga • 05-17-2023

FutureTech II Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

By ACCESSWIRE ACCESSWIRE • 04-08-2022