Rakon (RAKNF) Receivables Turnover : 1.80 (As of Mar. 2024)

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What is Rakon 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. Rakon's Revenue for the six months ended in Mar. 2024 was $43.37 Mil. Rakon's average Accounts Receivable for the six months ended in Mar. 2024 was $24.16 Mil. Hence, Rakon's Receivables Turnover for the six months ended in Mar. 2024 was 1.80.

Rakon Receivables Turnover Historical Data

The historical data trend for Rakon'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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Rakon Receivables Turnover Chart

Rakon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.24

4.19

5.23

4.53

3.26

Rakon Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.46	1.72	2.28	1.25	1.80

Competitive Comparison of Rakon's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Rakon'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.

Rakon's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rakon's Receivables Turnover distribution charts can be found below:

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

Rakon Receivables Turnover Calculation

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

Rakon's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	77.865	/ (	(26.667	+	21.123)	/	2 )
=	77.865	/	23.895
=	3.26

Rakon'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	43.365	/ (	(27.193	+	21.123)	/	2 )
=	43.365	/	24.158
=	1.80

Rakon (OTCPK:RAKNF) 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.

Rakon Receivables Turnover Related Terms

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Rakon (RAKNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rakon Ltd (OTCPK:RAKNF) » Definitions » Receivables Turnover

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RAK:New Zealand

Address

8 Sylvia Park Road, Mt Wellington, Auckland, NZL, 1060

Website

https://www.rakon.com

Rakon Ltd is engaged in the development of frequency control products and timing solutions for a wide range of applications. Its core markets are Telecommunications, Space & Defence, and Global Positioning. The company's product range consists of low stability Crystal Oscillators (XO), Voltage Controlled Crystal Oscillators (VCXOs), and crystal products, through to high volume precision Temperature Compensated Crystal Oscillators (TCXOs), Oven Controlled Crystal Oscillators (OCXOs), Digital Pulse Compression Sub-Systems (DPCSS), Surface Acoustic Wave (SAW) oscillators and specialized products. The company's geographical segments are New Zealand, France, India, and Others.