SNAVF (Star Navigation Systems Group) Receivables Turnover : 0.33 (As of Dec. 2024)

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What is Star Navigation Systems Group 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. Star Navigation Systems Group's Revenue for the three months ended in Dec. 2024 was $0.01 Mil. Star Navigation Systems Group's average Accounts Receivable for the three months ended in Dec. 2024 was $0.02 Mil. Hence, Star Navigation Systems Group's Receivables Turnover for the three months ended in Dec. 2024 was 0.33.

Star Navigation Systems Group Receivables Turnover Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group Receivables Turnover Chart

Star Navigation Systems Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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0.71

4.81

0.98

1.31

1.81

Star Navigation Systems Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.10	0.09	1.57	0.10	0.33

Competitive Comparison of Star Navigation Systems Group's Receivables Turnover

For the Aerospace & Defense subindustry, Star Navigation Systems Group'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.

Star Navigation Systems Group's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Star Navigation Systems Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Star Navigation Systems Group's Receivables Turnover falls into.

Star Navigation Systems Group Receivables Turnover Calculation

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

Star Navigation Systems Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	0.093	/ (	(0.046	+	0.057)	/	2 )
=	0.093	/	0.0515
=	1.81

Star Navigation Systems Group'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: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.006	/ (	(0.025	+	0.011)	/	2 )
=	0.006	/	0.018
=	0.33

Star Navigation Systems Group (OTCPK:SNAVF) 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.

Star Navigation Systems Group Receivables Turnover Related Terms

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Star Navigation Systems Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Star Navigation Systems Group Ltd (OTCPK:SNAVF) » Definitions » Receivables Turnover

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S3O:Germany SNA:Canada

Address

11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5

Website

https://www.star-navigation.com

Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.

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