Image Protect (Image Protect) Receivables Turnover : 11.00 (As of Sep. 2023)

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What is Image Protect 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. Image Protect's Revenue for the three months ended in Sep. 2023 was $0.01 Mil. Image Protect's average Accounts Receivable for the three months ended in Sep. 2023 was $0.00 Mil. Hence, Image Protect's Receivables Turnover for the three months ended in Sep. 2023 was 11.00.

Image Protect Receivables Turnover Historical Data

The historical data trend for Image Protect'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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Image Protect Receivables Turnover Chart

Image Protect Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec15

Dec16

Receivables Turnover

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4.38

2.92

4.08

2.41

2.04

Image Protect Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Sep22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.45	-	0.23	-	11.00

Competitive Comparison of Image Protect's Receivables Turnover

For the Software - Application subindustry, Image Protect'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.

Image Protect's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Image Protect's Receivables Turnover falls into.

Image Protect Receivables Turnover Calculation

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

Image Protect's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	0.286	/ (	(0.058	+	0.223)	/	2 )
=	0.286	/	0.1405
=	2.04

Image Protect's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.011	/ (	(0	+	0.001)	/	1 )
=	0.011	/	0.001
=	11.00

Image Protect (OTCPK:IMTL) 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.

Image Protect Receivables Turnover Related Terms

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Image Protect (Image Protect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Image Protect Inc (OTCPK:IMTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Wall Street, 8 Floor, New York, NY, USA, 10005

Website

https://www.imageprotect.com

Image Protect Inc is a media company focusing on microcap news, information and disclosure, crypto, blockchain, and streaming digital assets. Its digital asset library and proprietary technology via its subsidiary Fotofy. are conducive to the foundation of an impactful NFT marketplace.