Fobi Ai (TSXV:FOBI) Receivables Turnover : 1.58 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Fobi 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. Fobi Ai's Revenue for the three months ended in Mar. 2024 was C$0.69 Mil. Fobi Ai's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.44 Mil. Hence, Fobi Ai's Receivables Turnover for the three months ended in Mar. 2024 was 1.58.

Fobi Ai Receivables Turnover Historical Data

The historical data trend for Fobi 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.

* Premium members only.

Fobi Ai Receivables Turnover Chart

Fobi Ai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

1.90

9.30

7.24

Fobi Ai Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.03	-	3.19	2.15	1.58

Competitive Comparison of Fobi Ai's Receivables Turnover

For the Software - Infrastructure subindustry, Fobi 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.

Fobi Ai's Receivables Turnover Distribution in the Software Industry

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

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

Save Embed

;

Save Embed

;

Fobi Ai Receivables Turnover Calculation

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

Fobi Ai's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.023	/ (	(0.355	+	0.204)	/	2 )
=	2.023	/	0.2795
=	7.24

Fobi Ai's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.688	/ (	(0.468	+	0.405)	/	2 )
=	0.688	/	0.4365
=	1.58

Fobi Ai (TSXV:FOBI) 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.

Fobi Ai Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Fobi Ai's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Fobi Ai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fobi Ai Inc (TSXV:FOBI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

560 Beatty Street, Unit 200, Vancouver, BC, CAN, V6B 2L3

Website

https://www.fobi.ai

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

Executives

Robert Anson	Senior Officer
Colby Lee Mckenzie	Senior Officer

Fobi Ai Headlines

No Headlines