Plurilock Security (Plurilock Security) Receivables Turnover : 0.87 (As of Mar. 2024)

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What is Plurilock Security 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. Plurilock Security's Revenue for the three months ended in Mar. 2024 was $8.55 Mil. Plurilock Security's average Accounts Receivable for the three months ended in Mar. 2024 was $9.78 Mil. Hence, Plurilock Security's Receivables Turnover for the three months ended in Mar. 2024 was 0.87.

Plurilock Security Receivables Turnover Historical Data

The historical data trend for Plurilock Security'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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Plurilock Security Receivables Turnover Chart

Plurilock Security Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.27

1.79

11.94

7.11

4.90

Plurilock Security 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															1.32	1.24	1.66	1.35	0.87

Competitive Comparison of Plurilock Security's Receivables Turnover

For the Software - Infrastructure subindustry, Plurilock Security'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.

Plurilock Security's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Plurilock Security's Receivables Turnover falls into.

Plurilock Security Receivables Turnover Calculation

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

Plurilock Security'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 )
=	52.49	/ (	(8.618	+	12.806)	/	2 )
=	52.49	/	10.712
=	4.90

Plurilock Security'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 )
=	8.551	/ (	(12.806	+	6.744)	/	2 )
=	8.551	/	9.775
=	0.87

Plurilock Security (OTCPK:PLCKF) 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.

Plurilock Security Receivables Turnover Related Terms

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Plurilock Security (Plurilock Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Plurilock Security Inc (OTCPK:PLCKF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6590:Germany PLUR:Canada

Address

1021 West Hastings Street, MNP Tower, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.plurilock.com

Plurilock Security Inc is an identity-centric cybersecurity company that reduces or eliminates the need for passwords by measuring the pace, rhythm, and cadence of a user's keystrokes to confirm their identity. It has two operating segments, the Technology Division and the Solutions Division. The Technology division, operated under the legacy Plurilock brand, builds and operates Plurilock's own proprietary products. The Solutions division offers ASC's and INC's services and resells cybersecurity industry products and technologies to meet customer needs.

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