KTPPF (Katipult Technology) Receivables Turnover : 9.00 (As of Sep. 2024)

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What is Katipult Technology 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. Katipult Technology's Revenue for the three months ended in Sep. 2024 was $0.17 Mil. Katipult Technology's average Accounts Receivable for the three months ended in Sep. 2024 was $0.02 Mil. Hence, Katipult Technology's Receivables Turnover for the three months ended in Sep. 2024 was 9.00.

Katipult Technology Receivables Turnover Historical Data

The historical data trend for Katipult Technology'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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Katipult Technology Receivables Turnover Chart

Katipult Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.32

19.07

46.95

10.47

10.04

Katipult Technology Quarterly Data
	Dec19	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															2.94	6.51	4.73	18.71	9.00

Competitive Comparison of Katipult Technology's Receivables Turnover

For the Software - Application subindustry, Katipult Technology'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.

Katipult Technology's Receivables Turnover Distribution in the Software Industry

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

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

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Katipult Technology Receivables Turnover Calculation

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

Katipult Technology'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 )
=	1.862	/ (	(0.236	+	0.135)	/	2 )
=	1.862	/	0.1855
=	10.04

Katipult Technology'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 )
=	0.171	/ (	(0.019	+	0.019)	/	2 )
=	0.171	/	0.019
=	9.00

Katipult Technology (OTCPK:KTPPF) 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.

Katipult Technology Receivables Turnover Related Terms

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Katipult Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Katipult Technology Corp (OTCPK:KTPPF) » Definitions » Receivables Turnover

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Address

900-903 8th Avenue Sw, Suite 1600, Calgary, AB, CAN, T2P 0P7

Website

https://www.katipult.com

Katipult Technology Corp is engaged in providing enterprise software and software-related services. It operates as a financial technology company offering a cloud-based software infrastructure that allows firms to design, set up and operate an investment platform. The platform includes modules for various user types, including investors, issuers, administrators, and auditors, among others. It generates subscription revenue and integration revenue. Subscription revenue consists of monthly recurring SaaS revenue earned by providing access to the Platform whereas Integration revenue consists of revenue arising from the provision of regulatory consulting, marketing consulting, and customization services to clients. It has a business presence in Canada, the U.K., and other countries.

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