Mobiquity Technologies (Mobiquity Technologies) Receivables Turnover : 6.66 (As of Mar. 2024)

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What is Mobiquity Technologies 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. Mobiquity Technologies's Revenue for the three months ended in Mar. 2024 was $0.26 Mil. Mobiquity Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was $0.04 Mil. Hence, Mobiquity Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 6.66.

Mobiquity Technologies Receivables Turnover Historical Data

The historical data trend for Mobiquity Technologies'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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Mobiquity Technologies Receivables Turnover Chart

Mobiquity Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.19

2.33

2.56

11.43

4.57

Mobiquity Technologies Quarterly Data
	Jun19	Sep19	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															0.53	1.02	1.53	5.11	6.66

Competitive Comparison of Mobiquity Technologies's Receivables Turnover

For the Advertising Agencies subindustry, Mobiquity Technologies'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.

Mobiquity Technologies's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mobiquity Technologies's Receivables Turnover distribution charts can be found below:

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

Mobiquity Technologies Receivables Turnover Calculation

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

Mobiquity Technologies'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 )
=	0.86	/ (	(0.341	+	0.035)	/	2 )
=	0.86	/	0.188
=	4.57

Mobiquity Technologies'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 )
=	0.263	/ (	(0.035	+	0.044)	/	2 )
=	0.263	/	0.0395
=	6.66

Mobiquity Technologies (OTCPK:MOBQW) 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.

Mobiquity Technologies Receivables Turnover Related Terms

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Mobiquity Technologies (Mobiquity Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mobiquity Technologies Inc (OTCPK:MOBQW) » Definitions » Receivables Turnover

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MOBQ:USA

Address

35 Torrington Lane, Shoreham, New York, NY, USA, 11786

Website

https://www.mobiquitytechnologies.com

Mobiquity Technologies Inc through its subsidiaries provides Advertising, Data Licensing, Footfall Reporting, Attribution Reporting, Real Estate Planning, Financial Forecasting and Custom Research services. The company generates revenue from the sale of service.