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Gathid (Gathid) Receivables Turnover : 0.64 (As of Dec. 2023)


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What is Gathid 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. Gathid's Revenue for the six months ended in Dec. 2023 was $0.19 Mil. Gathid's average Accounts Receivable for the six months ended in Dec. 2023 was $0.30 Mil. Hence, Gathid's Receivables Turnover for the six months ended in Dec. 2023 was 0.64.

Gathid Receivables Turnover Historical Data

The historical data trend for Gathid'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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Gathid Receivables Turnover Chart

Gathid Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial 5.03 4.88 5.89 5.95 0.39

Gathid Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.84 2.18 2.91 - 0.64

Competitive Comparison of Gathid's Receivables Turnover

For the Software - Infrastructure subindustry, Gathid'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.

Gathid's Receivables Turnover Distribution in the Software Industry

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

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


Gathid Receivables Turnover Calculation

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

Gathid's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0.249 / ((1.12 + 0.144) / 2 )
=0.249 / 0.632
=0.39

Gathid'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.19 / ((0.144 + 0.451) / 2 )
=0.19 / 0.2975
=0.64

* 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.

Gathid  (OTCPK:RCWDF) 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.

Gathid Receivables Turnover Related Terms

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Gathid (Gathid) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Gathid Ltd (OTCPK:RCWDF) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
Level 5/203 Robina Town Centre Drive, Suite 501, Robina, Gold Coast, QLD, AUS, 4226
Website
https://www.rightcrowd.com
Gathid Ltd Formerly RightCrowd Ltd is a developer of physical security, safety, and compliance software. Its operating segment are Workforce Management which involves development and delivery of RightCrowd's core Workforce and Visitor Management Solutions; Presence Control which involves development and delivery of RightCrowd's Presence Control solutions and Access Analytics which involves development and delivery of analytics software for identifying user access compliance issues. Geographically, it derives a majority of revenue from North America and also has a presence in Europe, Middle East and Africa; Latin America and Oceania and Australia.