FTWS (Flitways Technology) Receivables Turnover: 0.24 (As of Mar. 2019)


What is Flitways Technology Receivables Turnover?

Flitways Technology FTWS -90.00% Receivables Turnover is 0.24 as of Mar. 2019.

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. Flitways Technology's Revenue for the three months ended in Mar. 2019 was $0.02 Mil. Flitways Technology's average Accounts Receivable for the three months ended in Mar. 2019 was $0.10 Mil. Hence, Flitways Technology's Receivables Turnover for the three months ended in Mar. 2019 was 0.24.

Flitways Technology  (OTCPK:FTWS) 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.

Flitways Technology Receivables Turnover Related Terms

Flitways Technology Receivables Turnover Historical Data

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The historical data trend for Flitways 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.

Flitways Technology Receivables Turnover Chart

Flitways Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Receivables Turnover
Get a 7-Day Free Trial 0.00 48.14 48.22 21.31 11.96

Flitways Technology Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Sep19
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 6.37 0.00 4.11 0.24 0.00

FTWS vs MPAY, YPPN, DRSV: Receivables Turnover Comparison

For the Software - Application subindustry, Flitways 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.

Flitways Technology Receivables Turnover vs Software Industry

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

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


Flitways Technology Receivables Turnover Calculation

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

Flitways Technology's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Receivables Turnover (A: Dec. 2018 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2018 ) / ((Accounts Receivable (A: Dec. 2017 ) + Accounts Receivable (A: Dec. 2018 )) / count )
=1.214 / ((0.107 + 0.096) / 2 )
=1.214 / 0.1015
=11.96

Flitways Technology's Receivables Turnover for the quarter that ended in Mar. 2019 is calculated as

Receivables Turnover (Q: Mar. 2019 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2019 ) / ((Accounts Receivable (Q: Dec. 2018 ) + Accounts Receivable (Q: Mar. 2019 )) / count )
=0.024 / ((0.096 + 0.102) / 2 )
=0.024 / 0.099
=0.24

* 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 0.24 mean?
Flitways Technology (FTWS) has a Receivables Turnover of 0.24 as of Mar. 2019. 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 Flitways Technology and its competitors.
Is Flitways Technology's Receivables Turnover too high?
Flitways Technology's current Receivables Turnover is 0.24. The Software industry median Receivables Turnover is 5.66. Flitways Technology's value of 0.24 is 95.8% below this industry median.
How does Flitways Technology's Receivables Turnover compare to MPAY and YPPN?
Flitways Technology's Receivables Turnover of 0.24 can be compared against companies in the Software industry. The industry median Receivables Turnover is 5.66. Flitways Technology's value of 0.24 is 95.8% 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 Software company?
The median Receivables Turnover among Software companies is 5.66, based on 2,771 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. Flitways Technology's current Receivables Turnover of 0.24 is 95.8% 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 Flitways Technology and its competitors. For the Software industry, the median Receivables Turnover is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flitways Technology's current Receivables Turnover is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flitways Technology stock overvalued right now?
Flitways Technology (FTWS) has a current Receivables Turnover of 0.24. The current Receivables Turnover is 0.24 and 95.8% below the Software industry median of 5.66. 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 Flitways Technology (FTWS), the current Receivables Turnover is 0.24 as of Mar. 2019. 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.

Flitways Technology Business Description

Address 600 Corporate Pointe, Suite 5500, Culver City, CA, USA, 90230
Flitways Technology Inc is engaged in the business of transportation. Its main mission is to provide both corporate enterprises and their employees and travel resellers and their customers with a complete offering of fully integrated ground transportation solutions for any budget or need. Further, the company has created a software platform to give customers enterprise suite and app-based booking, billing, expense management and real-time monitoring for a simple to use ground transportation offering. It has one operating segment that is on-demand transportation business.