Eddy Smart Home Solutions (TSXV:EDY) Receivables Turnover : 0.74 (As of Dec. 2024)

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What is Eddy Smart Home Solutions 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. Eddy Smart Home Solutions's Revenue for the three months ended in Dec. 2024 was C$1.27 Mil. Eddy Smart Home Solutions's average Accounts Receivable for the three months ended in Dec. 2024 was C$1.72 Mil. Hence, Eddy Smart Home Solutions's Receivables Turnover for the three months ended in Dec. 2024 was 0.74.

Eddy Smart Home Solutions Receivables Turnover Historical Data

The historical data trend for Eddy Smart Home Solutions'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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Eddy Smart Home Solutions Receivables Turnover Chart

Eddy Smart Home Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

1.27

2.13

2.71

Eddy Smart Home Solutions Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial											1.08	0.67	0.41	0.41	0.74

Competitive Comparison of Eddy Smart Home Solutions's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eddy Smart Home Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eddy Smart Home Solutions's Receivables Turnover falls into.

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Eddy Smart Home Solutions Receivables Turnover Calculation

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

Eddy Smart Home Solutions's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	3.778	/ (	(1.186	+	1.601)	/	2 )
=	3.778	/	1.3935
=	2.71

Eddy Smart Home Solutions'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 )
=	1.269	/ (	(1.838	+	1.601)	/	2 )
=	1.269	/	1.7195
=	0.74

Eddy Smart Home Solutions (TSXV:EDY) 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.

Eddy Smart Home Solutions Receivables Turnover Related Terms

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Eddy Smart Home Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4

Website

https://www.eddysolutions.com

Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are multi-family residences (MFR), single family residences (SFR) and customer & industrial (C&I). The company's revenue is generated from customers in Canada and the USA.

Executives

Mark Silver	10% Security Holder, Director
Boris Baril	Senior Officer
Cory Silver	Senior Officer

Eddy Smart Home Solutions Headlines

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