Pluribus Technologies (TSXV:PLRB) Receivables Turnover : 1.76 (As of Sep. 2024)

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What is Pluribus 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. Pluribus Technologies's Revenue for the three months ended in Sep. 2024 was C$4.46 Mil. Pluribus Technologies's average Accounts Receivable for the three months ended in Sep. 2024 was C$2.54 Mil. Hence, Pluribus Technologies's Receivables Turnover for the three months ended in Sep. 2024 was 1.76.

Pluribus Technologies Receivables Turnover Historical Data

The historical data trend for Pluribus 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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Pluribus Technologies Receivables Turnover Chart

Pluribus Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

6.87

8.87

8.10

Pluribus Technologies Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial										1.22	6.46	2.77	1.49	1.76

Competitive Comparison of Pluribus Technologies's Receivables Turnover

For the Software - Application subindustry, Pluribus 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.

Pluribus Technologies's Receivables Turnover Distribution in the Software Industry

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

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

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Pluribus Technologies Receivables Turnover Calculation

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

Pluribus Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	36.779	/ (	(5.892	+	3.19)	/	2 )
=	36.779	/	4.541
=	8.10

Pluribus Technologies's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	4.462	/ (	(2.996	+	2.079)	/	2 )
=	4.462	/	2.5375
=	1.76

Pluribus Technologies (TSXV:PLRB) 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.

Pluribus Technologies Receivables Turnover Related Terms

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Pluribus Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pluribus Technologies Corp (TSXV:PLRB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Peter Street, Suite 503, Toronto, ON, CAN, M5V 2H1

Website

https://www.pluribustechnologies.com

Pluribus Technologies Corp is a technology company that acquires small, profitable business-to-business technology companies at reasonable prices in a range of verticals and industries. The company has four operating segments: E-Learning, Digital enablement, health tech, and E-Commerce. Geographically, it operates in the United States, Canada, and other countries. it derives a majority of its revenue from the United States.

Executives

Richard Daniel Adair	Senior Officer
Carolyn Ann Currie	Director

Pluribus Technologies Headlines

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