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Grow Capital (Grow Capital) Receivables Turnover : 47.90 (As of Mar. 2021)


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What is Grow Capital 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. Grow Capital's Revenue for the three months ended in Mar. 2021 was $8.07 Mil. Grow Capital's average Accounts Receivable for the three months ended in Mar. 2021 was $0.17 Mil. Hence, Grow Capital's Receivables Turnover for the three months ended in Mar. 2021 was 47.90.


Grow Capital Receivables Turnover Historical Data

The historical data trend for Grow Capital'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.

* Premium members only.

Grow Capital Receivables Turnover Chart

Grow Capital Annual Data
Trend Dec11 Dec12 Dec13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.00 - - 177.50 14.71

Grow Capital Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 0.96 1.23 16.11 36.54 47.90

Competitive Comparison of Grow Capital's Receivables Turnover

For the Software - Application subindustry, Grow Capital'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.


Grow Capital's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Grow Capital's Receivables Turnover falls into.



Grow Capital Receivables Turnover Calculation

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

Grow Capital's Receivables Turnover for the fiscal year that ended in Jun. 2020 is calculated as

Receivables Turnover (A: Jun. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2020 ) / ((Accounts Receivable (A: Jun. 2019 ) + Accounts Receivable (A: Jun. 2020 )) / count )
=2.369 / ((0.006 + 0.316) / 2 )
=2.369 / 0.161
=14.71

Grow Capital's Receivables Turnover for the quarter that ended in Mar. 2021 is calculated as

Receivables Turnover (Q: Mar. 2021 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2021 ) / ((Accounts Receivable (Q: Dec. 2020 ) + Accounts Receivable (Q: Mar. 2021 )) / count )
=8.071 / ((0.225 + 0.112) / 2 )
=8.071 / 0.1685
=47.90

* 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.


Grow Capital  (OTCPK:GRWC) 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.


Grow Capital Receivables Turnover Related Terms

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Grow Capital (Grow Capital) Business Description

Traded in Other Exchanges
N/A
Address
2485 Village View Drive, Suite 180, Henderson, NV, USA, 89074
Grow Capital Inc is a technology solutions company focused on software, technology, and financial services business. The company serves industries such as insurance, blockchain and crypto currency, mobile payment processing, crowd funding, budgeting, stock trading, and robo-advising apps. Its operating segment includes Bombshell Technologies and corporate and Resort at Lake Selmac. The company generates maximum revenue from Bombshell Technologies and corporate segment.
Executives
Carl Sanko director, officer: Secretary 4824 DENARO DRIVE LAS VEGAS NV 89135
Jonathan Eric Bonnette director, 10 percent owner, officer: CTO 722 W DUTTON ROAD EAGLE POINT OR 97524
James John Olson director, officer: Chairman 45 AMARANTH DRIVE LITTLETON CO 80127
Terry Joe Kennedy director, 10 percent owner, officer: CEO and President 2485 VILLAGE VIEW DRIVE STE #190 HENDERSON NV 89074
Trevor Keegan Hall officer: CFO and Treasurer 6145 S. RAINBOW BLVD, STE 105 LAS VEGAS NV 89118
Joel Aaron Bonnette officer: CEO Bombshell Technologies Inc 25769 ROYAL BIRKDALE DR DENHAM SPRINGS LA 70726
Wayne Andrew Zallen director, 10 percent owner 722 W. DUTTON RD EAGLE POINT OR 97524
David Tobias director PO BOX 1602, MESQUITE NV 89024
Joann Zallen Cleckner officer: Corporate Secretary 3681 WINDGATE STREET MEDFORD OR 97504
Michael Myers director 647 S DEPEW STREET LAKEWOOD CO 80226
Kevin John Asher officer: CFO 2116 E. BEAUTIFUL LANE PHOENIX AZ 85042
Gregory Wayne Holmes director, officer: President 4349 E. SANDS DRIVE PHOENIX AZ 85050
Thomas Lee Harker officer: CTO 1350 N. GOLDEN KEY STREET GILBERT AZ 85233
Hoffmann Christian J. Iii director ONE RENAISSANCE SQUARE, TWO NORTH CENTRAL AVENUE, PHOENIX AZ 85004
Charles H House director 2464 IRON MOUNTAIN DRIVE, PARK CITY UT 84060