INEOF (INEO Tech) Receivables Turnover : 2.23 (As of Sep. 2024)

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What is INEO Tech 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. INEO Tech's Revenue for the three months ended in Sep. 2024 was $0.21 Mil. INEO Tech's average Accounts Receivable for the three months ended in Sep. 2024 was $0.09 Mil. Hence, INEO Tech's Receivables Turnover for the three months ended in Sep. 2024 was 2.23.

INEO Tech Receivables Turnover Historical Data

The historical data trend for INEO Tech'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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INEO Tech Receivables Turnover Chart

INEO Tech Annual Data

Trend

May11

May12

May17

May18

May19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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2.37

4.82

7.81

6.49

7.45

INEO Tech Quarterly Data
	Nov19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.57	2.25	1.21	1.82	2.23

Competitive Comparison of INEO Tech's Receivables Turnover

For the Advertising Agencies subindustry, INEO Tech'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.

INEO Tech's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, INEO Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where INEO Tech's Receivables Turnover falls into.

INEO Tech Receivables Turnover Calculation

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

INEO Tech's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	0.991	/ (	(0.19	+	0.076)	/	2 )
=	0.991	/	0.133
=	7.45

INEO Tech's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.206	/ (	(0.076	+	0.109)	/	2 )
=	0.206	/	0.0925
=	2.23

INEO Tech (OTCPK:INEOF) 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.

INEO Tech Receivables Turnover Related Terms

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INEO Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » INEO Tech Corp (OTCPK:INEOF) » Definitions » Receivables Turnover

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0OQ1:Germany INEO:Canada

Address

No 105 - 19130 24th Avenue, Surrey, BC, CAN, V3Z 3S9

Website

https://www.ineosolutionsinc.com

INEO Tech Corp is engaged in operating of the INEO Media Network for retailers, which provides retail analytics and targeted advertising through its cloud-based IoT (Internet of Things) and AI (Artificial Intelligence) technology. The Company operates the INEO Media Network using a SaaS-based model for retail stores. The operating segments of the company are Loss Prevention, Fabrication, Retail Media, and other.