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. Inseego's Revenue for the
three
months ended in Sep. 2024 was $54.0 Mil. Inseego's average Accounts Receivable for the
three
months ended in Sep. 2024 was $18.2 Mil.
Hence, Inseego's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.97.
Inseego Receivables Turnover Historical Data
The historical data trend for Inseego'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.
Competitive Comparison of Inseego's Receivables Turnover
For the Communication Equipment subindustry, Inseego'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.
Inseego's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inseego's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Inseego's Receivables Turnover falls into.
Inseego Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Inseego's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Inseego Receivables Turnover Related Terms
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Inseego Corp is into the design and development of fixed and mobile wireless solutions (4G and 5G NR), Industrial Internet of Things and cloud solutions for enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. Its products and services include intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics and mobile tracking devices, which are supported by applications software and cloud services designed to enable customers to easily analyze data insights and configure and manage their hardware. It generates maximum revenue from United States and Canada. The company also has a presence in Australia and Europe (including United Kingdom).
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