Mynd.ai (Mynd.ai) Receivables Turnover : 6.62 (As of Dec. 2023)

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What is Mynd.ai 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. Mynd.ai's Revenue for the six months ended in Dec. 2023 was $413.6 Mil. Mynd.ai's average Accounts Receivable for the six months ended in Dec. 2023 was $62.5 Mil. Hence, Mynd.ai's Receivables Turnover for the six months ended in Dec. 2023 was 6.62.

Mynd.ai Receivables Turnover Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai Receivables Turnover Chart

Mynd.ai Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

9.58

6.62

Mynd.ai Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	-	9.58	6.62

Competitive Comparison of Mynd.ai's Receivables Turnover

For the Education & Training Services subindustry, Mynd.ai'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.

Mynd.ai's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Mynd.ai's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mynd.ai's Receivables Turnover falls into.

Mynd.ai Receivables Turnover Calculation

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

Mynd.ai'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 )
=	413.564	/ (	(61.061	+	63.865)	/	2 )
=	413.564	/	62.463
=	6.62

Mynd.ai's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	413.564	/ (	(61.061	+	63.865)	/	2 )
=	413.564	/	62.463
=	6.62

Mynd.ai (AMEX:MYND) 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.

Mynd.ai Receivables Turnover Related Terms

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Mynd.ai (Mynd.ai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (AMEX:MYND) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WK6:Germany

Address

3rd Floor, No. 28 Building, Fangguyuan Section 1, Fangzhuang, Fengtai District, Beijing, CHN, 100078

Website

Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the unique needs of the customers, including K-12 educators, colleges and universities, small businesses and corporations, government agencies, and more.

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