Titan Logix (TSXV:TLA) Receivables Turnover : 1.78 (As of Feb. 2024)

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What is Titan Logix 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. Titan Logix's Revenue for the three months ended in Feb. 2024 was C$1.75 Mil. Titan Logix's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.98 Mil. Hence, Titan Logix's Receivables Turnover for the three months ended in Feb. 2024 was 1.78.

Titan Logix Receivables Turnover Historical Data

The historical data trend for Titan Logix'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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Titan Logix Receivables Turnover Chart

Titan Logix Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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7.03

7.07

6.84

6.03

7.74

Titan Logix Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.99	2.15	1.88	1.85	1.78

Competitive Comparison of Titan Logix's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Titan Logix'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.

Titan Logix's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Logix's Receivables Turnover distribution charts can be found below:

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

Titan Logix Receivables Turnover Calculation

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

Titan Logix's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	6.214	/ (	(0.769	+	0.837)	/	2 )
=	6.214	/	0.803
=	7.74

Titan Logix's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	1.751	/ (	(0.8	+	1.166)	/	2 )
=	1.751	/	0.983
=	1.78

Titan Logix (TSXV:TLA) 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.

Titan Logix Receivables Turnover Related Terms

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Titan Logix (TSXV:TLA) Business Description

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TPCFF:USA

Address

4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5

Website

https://www.titanlogix.com

Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.

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