TrackX Holdings (TSXV:TKX.H) Receivables Turnover : 0.34 (As of Jun. 2022)

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What is TrackX Holdings 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. TrackX Holdings's Revenue for the three months ended in Jun. 2022 was C$0.35 Mil. TrackX Holdings's average Accounts Receivable for the three months ended in Jun. 2022 was C$1.02 Mil. Hence, TrackX Holdings's Receivables Turnover for the three months ended in Jun. 2022 was 0.34.

TrackX Holdings Receivables Turnover Historical Data

The historical data trend for TrackX Holdings'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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TrackX Holdings Receivables Turnover Chart

TrackX Holdings Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Receivables Turnover

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8.65

6.90

7.03

7.08

5.26

TrackX Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Receivables Turnover	Get a 7-Day Free Trial															0.46	1.10	0.50	0.37	0.34

Competitive Comparison of TrackX Holdings's Receivables Turnover

For the Software - Application subindustry, TrackX Holdings'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.

TrackX Holdings's Receivables Turnover Distribution in the Software Industry

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

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

TrackX Holdings Receivables Turnover Calculation

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

TrackX Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Receivables Turnover (A: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2021 )	/ (	(Accounts Receivable (A: Sep. 2020 )	+	Accounts Receivable (A: Sep. 2021 ))	/	count )
=	3.493	/ (	(0.209	+	1.118)	/	2 )
=	3.493	/	0.6635
=	5.26

TrackX Holdings's Receivables Turnover for the quarter that ended in Jun. 2022 is calculated as

	Receivables Turnover (Q: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Jun. 2022 ))	/	count )
=	0.348	/ (	(0.996	+	1.04)	/	2 )
=	0.348	/	1.018
=	0.34

TrackX Holdings (TSXV:TKX.H) 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.

TrackX Holdings Receivables Turnover Related Terms

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TrackX Holdings (TSXV:TKX.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrackX Holdings Inc (TSXV:TKX.H) » Definitions » Receivables Turnover

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Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.trackx.com

TrackX Holdings Inc provides cloud-based, asset tracking solutions for supply chain and logistics-intensive businesses. Its platform combines support for multiple auto-identification (ID) technologies, workflow, event management, alert notifications, and analytics. The company solutions include high-value asset tracking, yard management, returnable asset management, manufacturing process tracking, and supply chain management, and mobile inventory management solutions. It delivers services to various industries, including transportation, government, healthcare, hi-tech, hospitality, mining, beverage, agriculture, and horticulture. Its operations are primarily conducted in the United States.

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