PowerBand Solutions (TSXV:PBX) Receivables Turnover : 0.51 (As of Sep. 2023)

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What is PowerBand 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. PowerBand Solutions's Revenue for the three months ended in Sep. 2023 was C$0.56 Mil. PowerBand Solutions's average Accounts Receivable for the three months ended in Sep. 2023 was C$1.09 Mil. Hence, PowerBand Solutions's Receivables Turnover for the three months ended in Sep. 2023 was 0.51.

PowerBand Solutions Receivables Turnover Historical Data

The historical data trend for PowerBand 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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PowerBand Solutions Receivables Turnover Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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70.50

4.00

2.64

16.83

10.47

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.11	1.57	0.68	0.32	0.51

Competitive Comparison of PowerBand Solutions's Receivables Turnover

For the Software - Application subindustry, PowerBand 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.

PowerBand Solutions's Receivables Turnover Distribution in the Software Industry

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

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

PowerBand Solutions Receivables Turnover Calculation

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

PowerBand Solutions'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 )
=	12.761	/ (	(1.547	+	0.891)	/	2 )
=	12.761	/	1.219
=	10.47

PowerBand Solutions's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.555	/ (	(0	+	1.093)	/	1 )
=	0.555	/	1.093
=	0.51

PowerBand Solutions (TSXV:PBX) 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.

PowerBand Solutions Receivables Turnover Related Terms

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PowerBand Solutions (TSXV:PBX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » Receivables Turnover

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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