ImagineAR (ImagineAR) Receivables Turnover : 2.89 (As of Feb. 2024)

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What is ImagineAR 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. ImagineAR's Revenue for the three months ended in Feb. 2024 was $0.01 Mil. ImagineAR's average Accounts Receivable for the three months ended in Feb. 2024 was $0.00 Mil. Hence, ImagineAR's Receivables Turnover for the three months ended in Feb. 2024 was 2.89.

ImagineAR Receivables Turnover Historical Data

The historical data trend for ImagineAR'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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ImagineAR Receivables Turnover Chart

ImagineAR Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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5.67

2.28

8.03

1.34

7.94

ImagineAR Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.63	0.48	0.41	6.50	2.89

Competitive Comparison of ImagineAR's Receivables Turnover

For the Software - Infrastructure subindustry, ImagineAR'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.

ImagineAR's Receivables Turnover Distribution in the Software Industry

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

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

ImagineAR Receivables Turnover Calculation

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

ImagineAR's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	0.143	/ (	(0.018	+	0)	/	1 )
=	0.143	/	0.018
=	7.94

ImagineAR's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.013	/ (	(0.002	+	0.007)	/	2 )
=	0.013	/	0.0045
=	2.89

ImagineAR (OTCPK:IPNFF) 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.

ImagineAR Receivables Turnover Related Terms

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ImagineAR (ImagineAR) Business Description

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IP:Canada

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.imaginear.com

ImagineAR Inc provides a mobile platform for companies to develop & implement Mobile Augmented Reality experiences instantly with no programming or technology experience. Its platform enables the users to point the mobile device at logos, signs, buildings, products, landmarks to instantly engage videos, information, advertisements, coupons, 3D holograms, and any interactive content hosted in the cloud. Its products include ImagineAR Mobile App, ImagineAR Cloud, ImagineAR SDK/API among others. The firm serves industries such as Sports / Live Events, Advertising / Promotions, Retail, and others.