GZIC (GZ6G Technologies) Receivables Turnover: 1.92 (As of Mar. 2023)

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What is GZ6G Technologies Receivables Turnover?

GZ6G Technologies GZIC Receivables Turnover is 1.92 as of Mar. 2023.

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. GZ6G Technologies's Revenue for the three months ended in Mar. 2023 was $0.07 Mil. GZ6G Technologies's average Accounts Receivable for the three months ended in Mar. 2023 was $0.04 Mil. Hence, GZ6G Technologies's Receivables Turnover for the three months ended in Mar. 2023 was 1.92.


GZ6G Technologies  (OTCPK:GZIC) 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.


GZ6G Technologies Receivables Turnover Related Terms


GZ6G Technologies Receivables Turnover Historical Data

* Premium members only.

The historical data trend for GZ6G Technologies'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.

GZ6G Technologies Receivables Turnover Chart

GZ6G Technologies Annual Data
Trend Nov04 Nov05 Nov06 Nov07 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 0.00 0.00 4.50 39.00 7.16

GZ6G Technologies Quarterly Data
May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 1.50 1.60 25.00 4.44 1.92

GZIC vs SLDC, TMUS, CMCSA: Receivables Turnover Comparison

For the Shell Companies subindustry, GZ6G Technologies'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.


GZ6G Technologies Receivables Turnover vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GZ6G Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GZ6G Technologies's Receivables Turnover falls into.



GZ6G Technologies Receivables Turnover Calculation

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

GZ6G Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=0.222 / ((0.002 + 0.06) / 2 )
=0.222 / 0.031
=7.16

GZ6G Technologies's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=0.071 / ((0.06 + 0.014) / 2 )
=0.071 / 0.037
=1.92

* 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 1.92 mean?
GZ6G Technologies (GZIC) has a Receivables Turnover of 1.92 as of Mar. 2023. 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 GZ6G Technologies and its competitors.
Is GZ6G Technologies' Receivables Turnover too high?
GZ6G Technologies' current Receivables Turnover is 1.92. The Diversified Financial Services industry median Receivables Turnover is 4.92. GZ6G Technologies' value of 1.92 is 61% below this industry median.
How does GZ6G Technologies' Receivables Turnover compare to SLDC and TMUS?
GZ6G Technologies' Receivables Turnover of 1.92 can be compared against companies in the Diversified Financial Services industry. The industry median Receivables Turnover is 4.92. GZ6G Technologies' value of 1.92 is 61% 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 Diversified Financial Services company?
The median Receivables Turnover among Diversified Financial Services companies is 4.92, based on 71 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. GZ6G Technologies's current Receivables Turnover of 1.92 is 61% 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 GZ6G Technologies and its competitors. For the Diversified Financial Services industry, the median Receivables Turnover is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GZ6G Technologies's current Receivables Turnover is 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GZ6G Technologies stock overvalued right now?
GZ6G Technologies (GZIC) has a current Receivables Turnover of 1.92. The current Receivables Turnover is 1.92 and 61% below the Diversified Financial Services industry median of 4.92. 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 GZ6G Technologies (GZIC), the current Receivables Turnover is 1.92 as of Mar. 2023. 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.

GZ6G Technologies Business Description

Address 732 S, Suite No. R, 6th Floor, Building B, Las Vegas, NV, USA, 89101
GZ6G Technologies Corp is a shell company.