MSAI (MultiSensor AI Holdings) Receivables Turnover : 1.76 (As of Sep. 2024)

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What is MultiSensor AI 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. MultiSensor AI Holdings's Revenue for the three months ended in Sep. 2024 was $1.60 Mil. MultiSensor AI Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was $0.91 Mil. Hence, MultiSensor AI Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 1.76.

MultiSensor AI Holdings Receivables Turnover Historical Data

The historical data trend for MultiSensor AI 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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MultiSensor AI Holdings Receivables Turnover Chart

MultiSensor AI Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

19.84

4.91

2.75

MultiSensor AI Holdings Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial						4.03	1.15	1.46	2.48	1.76

Competitive Comparison of MultiSensor AI Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, MultiSensor AI 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.

MultiSensor AI Holdings's Receivables Turnover Distribution in the Software Industry

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

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

MultiSensor AI Holdings Receivables Turnover Calculation

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

MultiSensor AI 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 )
=	5.43	/ (	(1.508	+	2.44)	/	2 )
=	5.43	/	1.974
=	2.75

MultiSensor AI Holdings'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 )
=	1.602	/ (	(1.037	+	0.785)	/	2 )
=	1.602	/	0.911
=	1.76

MultiSensor AI Holdings (NAS:MSAI) 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.

MultiSensor AI Holdings Receivables Turnover Related Terms

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MultiSensor AI Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MultiSensor AI Holdings Inc (NAS:MSAI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2105 West Cardinal Drive, Beaumont, TX, USA, 77705

Website

http://multisensorai.com

MultiSensor AI Holdings Inc develops and sells a full-stack, AI-driven predictive maintenance solution. MultiSensor AI's SmartIR and associated software platforms, powered by AWS, leverage MSAI-built thermal imaging, visible imaging, acoustic imaging, vibration, and laser sensing devices for condition-based monitoring of critical mechanical and electrical assets and manufactured outputs. Its solutions are deployed by organizations to protect critical assets across a wide range of industries including distribution & logistics, manufacturing, utilities, and oil & gas. MSAI designs and manufactures digital thermal sensing solution platforms with edge and cloud-based software. The company generates the majority of its revenue from product sales.