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KWE (KWESST Micro Systems) Receivables Turnover : 1.31 (As of Dec. 2024)


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What is KWESST Micro Systems 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. KWESST Micro Systems's Revenue for the three months ended in Dec. 2024 was $0.62 Mil. KWESST Micro Systems's average Accounts Receivable for the three months ended in Dec. 2024 was $0.48 Mil. Hence, KWESST Micro Systems's Receivables Turnover for the three months ended in Dec. 2024 was 1.31.


KWESST Micro Systems Receivables Turnover Historical Data

The historical data trend for KWESST Micro Systems'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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KWESST Micro Systems Receivables Turnover Chart

KWESST Micro Systems Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Receivables Turnover
- 6.29 13.31 5.74

KWESST Micro Systems Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.52 1.77 0.86 1.47 1.31

Competitive Comparison of KWESST Micro Systems's Receivables Turnover

For the Aerospace & Defense subindustry, KWESST Micro Systems'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.


KWESST Micro Systems's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, KWESST Micro Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KWESST Micro Systems's Receivables Turnover falls into.


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KWESST Micro Systems Receivables Turnover Calculation

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

KWESST Micro Systems's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

Receivables Turnover (A: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2024 ) / ((Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Sep. 2024 )) / count )
=1.11 / ((0.051 + 0.336) / 2 )
=1.11 / 0.1935
=5.74

KWESST Micro Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=0.623 / ((0.336 + 0.616) / 2 )
=0.623 / 0.476
=1.31

* 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.


KWESST Micro Systems  (NAS:KWE) 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.


KWESST Micro Systems Receivables Turnover Related Terms

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KWESST Micro Systems Business Description

Traded in Other Exchanges
Address
155 Terence Matthews Crescent, Unit No. 1, Kanata, Ottawa, ON, CAN, K2M 2A8
KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.

KWESST Micro Systems Headlines