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. SPO Global's Revenue for the
three
months ended in Sep. 2023 was $4.66 Mil. SPO Global's average Accounts Receivable for the
three
months ended in Sep. 2023 was $0.46 Mil.
Hence, SPO Global's Receivables Turnover for the
three
months ended in Sep. 2023 was 10.23.
SPO Global Receivables Turnover Historical Data
The historical data trend for SPO Global'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.
Competitive Comparison of SPO Global's Receivables Turnover
For the Conglomerates subindustry, SPO Global'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.
SPO Global's Receivables Turnover Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, SPO Global's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where SPO Global's Receivables Turnover falls into.
SPO Global Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
SPO Global's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as
* 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.
SPO Global (OTCPK:SPOM) 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.
SPO Global Receivables Turnover Related Terms
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SPO Global Inc is a holding company whose strategic plan is to acquire interests in emerging young businesses and provide financing, advice and guidance to assist them in realizing their potential. The Company is implementing an acquisition roll-up model of acquiring sales, marketing, and manufacturing businesses. The business scope of the company includes bio-pharmaceutical Research and development, development and sales of medical informatization software, medical high-tech introduction, production and sales of medical quality supplies, dietary supplements, and medicine, as well as agents and sales of medical equipment supplies.
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