ProStar Holdings (ProStar Holdings) Receivables Turnover : 6.05 (As of Mar. 2024)

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What is ProStar Holdings 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. ProStar Holdings's Revenue for the three months ended in Mar. 2024 was $0.24 Mil. ProStar Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $0.04 Mil. Hence, ProStar Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 6.05.

ProStar Holdings Receivables Turnover Historical Data

The historical data trend for ProStar Holdings'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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ProStar Holdings Receivables Turnover Chart

ProStar Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

135.27

93.58

93.75

11.13

10.82

ProStar Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.80	1.10	1.17	2.71	6.05

Competitive Comparison of ProStar Holdings's Receivables Turnover

For the Software - Application subindustry, ProStar Holdings'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.

ProStar Holdings's Receivables Turnover Distribution in the Software Industry

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

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

ProStar Holdings Receivables Turnover Calculation

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

ProStar Holdings'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 )
=	0.828	/ (	(0.133	+	0.02)	/	2 )
=	0.828	/	0.0765
=	10.82

ProStar Holdings'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 )
=	0.236	/ (	(0.02	+	0.058)	/	2 )
=	0.236	/	0.039
=	6.05

ProStar Holdings (OTCPK:MAPPF) 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.

ProStar Holdings Receivables Turnover Related Terms

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ProStar Holdings (ProStar Holdings) Business Description

Industry

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Traded in Other Exchanges

MAPS:Canada

Address

760 Horizon Drive, Suite 200, Grand Junction, CO, USA, 81506

Website

https://www.prostarcorp.com

ProStar Holdings Inc specializes in the development of patented mapping software. ProStar's Precision Mapping Solutions are natively cloud and mobile and offered as Software as a Service. The company's Software as a Service provides the ability to capture, record, and display the precise location of critical infrastructure such as buried utilities and pipelines; which is all accomplished in real time through ProStar's patented geospatial intelligence software. The Company operates in one reportable segment, providing Geospatial Intelligence Software for asset-centric industries, and earns revenue in one region, North America.