Xtract One Technologies (TSX:XTRA) Receivables Turnover : 2.04 (As of Jan. 2024)

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What is Xtract One Technologies 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. Xtract One Technologies's Revenue for the three months ended in Jan. 2024 was C$2.92 Mil. Xtract One Technologies's average Accounts Receivable for the three months ended in Jan. 2024 was C$1.43 Mil. Hence, Xtract One Technologies's Receivables Turnover for the three months ended in Jan. 2024 was 2.04.

Xtract One Technologies Receivables Turnover Historical Data

The historical data trend for Xtract One Technologies'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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Xtract One Technologies Receivables Turnover Chart

Xtract One Technologies Annual Data

Trend

May14

May15

May16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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5.55

3.55

7.52

5.23

Xtract One Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.65	2.14	2.68	2.83	2.04

Competitive Comparison of Xtract One Technologies's Receivables Turnover

For the Software - Application subindustry, Xtract One Technologies'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.

Xtract One Technologies's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Xtract One Technologies's Receivables Turnover falls into.

Xtract One Technologies Receivables Turnover Calculation

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

Xtract One Technologies's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	4.111	/ (	(0.725	+	0.847)	/	2 )
=	4.111	/	0.786
=	5.23

Xtract One Technologies's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	2.92	/ (	(1.354	+	1.513)	/	2 )
=	2.92	/	1.4335
=	2.04

Xtract One Technologies (TSX:XTRA) 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.

Xtract One Technologies Receivables Turnover Related Terms

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Xtract One Technologies (TSX:XTRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Xtract One Technologies Inc (TSX:XTRA) » Definitions » Receivables Turnover

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XTRAF:USA 0PL:Germany

Address

257 Adelaide Street West, Suite 400, Toronto, ON, CAN, M5H 1X9

Website

https://www.xtractone.com

Xtract One Technologies Inc is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The principal business of the Company is the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution, referred to as the Platform, with the aim of enhancing public health and safety. The company makes unobtrusive threat detection systems that enable venue-building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One's innovative multi-sensor gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.

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