Iveda Solutions (Iveda Solutions) Receivables Turnover : 1.43 (As of Mar. 2024)

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What is Iveda Solutions 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. Iveda Solutions's Revenue for the three months ended in Mar. 2024 was $0.35 Mil. Iveda Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was $0.24 Mil. Hence, Iveda Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

Iveda Solutions Receivables Turnover Historical Data

The historical data trend for Iveda Solutions'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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Iveda Solutions Receivables Turnover Chart

Iveda Solutions Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.53

2.42

5.33

5.21

8.64

Iveda Solutions Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.55	6.44	2.58	2.85	1.43

Competitive Comparison of Iveda Solutions's Receivables Turnover

For the Security & Protection Services subindustry, Iveda Solutions'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.

Iveda Solutions's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Iveda Solutions's Receivables Turnover distribution charts can be found below:

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

Iveda Solutions Receivables Turnover Calculation

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

Iveda Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6.496	/ (	(1.223	+	0.281)	/	2 )
=	6.496	/	0.752
=	8.64

Iveda Solutions's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.347	/ (	(0.281	+	0.204)	/	2 )
=	0.347	/	0.2425
=	1.43

Iveda Solutions (NAS:IVDAW) 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.

Iveda Solutions Receivables Turnover Related Terms

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Iveda Solutions (Iveda Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Iveda Solutions Inc (NAS:IVDAW) » Definitions » Receivables Turnover

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IVDA:USA

Address

1744 S Val Vista, Suite 213, Mesa, AZ, USA, 85204

Website

https://www.iveda.com

Iveda Solutions Inc is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community, and patients and eldercare. Its IvedaAI provides AI functions to IP cameras and network video recorders and video management systems. The group has a business presence in the U.S. and the Republic of China (Taiwan), from which key revenue is derived from the Republic of China (Taiwan).