Deveron (TSXV:FARM) Receivables Turnover : 3.53 (As of Dec. 2024)

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What is Deveron 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. Deveron's Revenue for the three months ended in Dec. 2024 was C$11.90 Mil. Deveron's average Accounts Receivable for the three months ended in Dec. 2024 was C$3.37 Mil. Hence, Deveron's Receivables Turnover for the three months ended in Dec. 2024 was 3.53.

Deveron Receivables Turnover Historical Data

The historical data trend for Deveron'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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Deveron Receivables Turnover Chart

Deveron Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Jun24

Receivables Turnover

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4.23

5.36

6.42

5.63

11.49

Deveron 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															3.02	1.10	1.97	2.32	3.53

Competitive Comparison of Deveron's Receivables Turnover

For the Information Technology Services subindustry, Deveron'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.

Deveron's Receivables Turnover Distribution in the Software Industry

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

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

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Deveron Receivables Turnover Calculation

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

Deveron'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 )
=	35.317	/ (	(0	+	3.073)	/	1 )
=	35.317	/	3.073
=	11.49

Deveron'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 )
=	11.901	/ (	(3.164	+	3.578)	/	2 )
=	11.901	/	3.371
=	3.53

Deveron (TSXV:FARM) 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.

Deveron Receivables Turnover Related Terms

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Deveron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » Receivables Turnover

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DVRNF:USA

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company focused on providing data acquisition services and data analytics to the farming sector in North America. It operates four agriculture testing facilities in North America and provides testing and insights on over nearly one million data points a year. The company comprise one reportable operating segment: data acquisition services and data analytics sector in Canada and in the USA.

Executives

David Macmillan	Director, Senior Officer
William Linton	Director
Christopher Irwin	Director
James Pirie	Director
Greencastle Resources Ltd.	10% Security Holder