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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Receivables Turnover : 0.00 (As of Sep. 2022)


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What is FTAC Parnassus 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. FTAC Parnassus Acquisition's Revenue for the three months ended in Sep. 2022 was $0.00 Mil. FTAC Parnassus Acquisition's average Accounts Receivable for the three months ended in Sep. 2022 was $0.00 Mil.

FTAC Parnassus Acquisition Receivables Turnover Historical Data

The historical data trend for FTAC Parnassus 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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FTAC Parnassus Acquisition Receivables Turnover Chart

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
Receivables Turnover
- -

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Receivables Turnover Get a 7-Day Free Trial - - - - -

Competitive Comparison of FTAC Parnassus Acquisition's Receivables Turnover

For the Shell Companies subindustry, FTAC Parnassus 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.

FTAC Parnassus Acquisition's Receivables Turnover Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where FTAC Parnassus Acquisition's Receivables Turnover falls into.


FTAC Parnassus Acquisition Receivables Turnover Calculation

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

FTAC Parnassus Acquisition's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Receivables Turnover (A: Dec. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2021 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Dec. 2021 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

FTAC Parnassus Acquisition's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

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

* 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.

FTAC Parnassus Acquisition  (NAS:FTPAW) 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.

FTAC Parnassus Acquisition Receivables Turnover Related Terms

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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Parnassus Acquisition Corp (NAS:FTPAW) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Parnassus Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.