Toggle3D.ai (Toggle3D.ai) Receivables Turnover : 0.21 (As of Oct. 2023)

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What is Toggle3D.ai 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. Toggle3D.ai's Revenue for the three months ended in Oct. 2023 was $0.02 Mil. Toggle3D.ai's average Accounts Receivable for the three months ended in Oct. 2023 was $0.10 Mil. Hence, Toggle3D.ai's Receivables Turnover for the three months ended in Oct. 2023 was 0.21.

Toggle3D.ai Receivables Turnover Historical Data

The historical data trend for Toggle3D.ai'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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Toggle3D.ai Receivables Turnover Chart

Toggle3D.ai Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

Toggle3D.ai Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jul23	Oct23
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	0.21

Competitive Comparison of Toggle3D.ai's Receivables Turnover

For the Software - Application subindustry, Toggle3D.ai'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.

Toggle3D.ai's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Toggle3D.ai's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toggle3D.ai's Receivables Turnover falls into.

Toggle3D.ai Receivables Turnover Calculation

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

Toggle3D.ai's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Toggle3D.ai's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	0.022	/ (	(0	+	0.104)	/	1 )
=	0.022	/	0.104
=	0.21

Toggle3D.ai (OTCPK:TGGLF) 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.

Toggle3D.ai Receivables Turnover Related Terms

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Toggle3D.ai (Toggle3D.ai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Toggle3D.ai (OTCPK:TGGLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

Q0C:Germany TGGL:Canada

Address

Toronto RPO Royal Bank Plaza, PO Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://toggle3d.com

Toggle3D.ai is an AR-enhanced standalone web application that enables product designers, 3D artists, marketing professionals and eCommerce site owners to create, customize and publish high-quality 3D models and experiences without any technical or 3D design knowledge required. The Company believes that Toggle3D is the first platform of its kind, and this breakthrough SaaS product is a potential game changer for the manufacturing and design industry, as it provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices and at scale.