PRZO (ParaZero Technologies) Receivables Turnover : 5.72 (As of Dec. 2024)

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What is ParaZero 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. ParaZero Technologies's Revenue for the six months ended in Dec. 2024 was $0.65 Mil. ParaZero Technologies's average Accounts Receivable for the six months ended in Dec. 2024 was $0.11 Mil. Hence, ParaZero Technologies's Receivables Turnover for the six months ended in Dec. 2024 was 5.72.

ParaZero Technologies Receivables Turnover Historical Data

The historical data trend for ParaZero 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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ParaZero Technologies Receivables Turnover Chart

ParaZero Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

21.17

33.67

5.86

6.03

13.61

ParaZero Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial				4.13	3.42	13.80	4.22	5.72

Competitive Comparison of ParaZero Technologies's Receivables Turnover

For the Aerospace & Defense subindustry, ParaZero 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.

ParaZero Technologies's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, ParaZero Technologies's Receivables Turnover distribution charts can be found below:

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

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ParaZero Technologies Receivables Turnover Calculation

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

ParaZero Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	0.932	/ (	(0.022	+	0.115)	/	2 )
=	0.932	/	0.0685
=	13.61

ParaZero Technologies's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.649	/ (	(0.112	+	0.115)	/	2 )
=	0.649	/	0.1135
=	5.72

ParaZero Technologies (NAS:PRZO) 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.

ParaZero Technologies Receivables Turnover Related Terms

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ParaZero Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » ParaZero Technologies Ltd (NAS:PRZO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1 Hatachana Street, Kfar Saba, ISR, 4453001

Website

https://www.parazero.com

ParaZero Technologies Ltd is an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems. The ParaZero SafeAir system of the company applies real-time data analytics to identify and mitigate flight risks autonomously and increase safety for bystanders while protecting the loss of expensive drones, equipment, and payloads.