TUGAF (Tuga Innovations) Receivables Turnover : 0.00 (As of Jul. 2024)

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What is Tuga Innovations 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. Tuga Innovations's Revenue for the three months ended in Jul. 2024 was $0.00 Mil. Tuga Innovations's average Accounts Receivable for the three months ended in Jul. 2024 was $0.01 Mil.

Tuga Innovations Receivables Turnover Historical Data

The historical data trend for Tuga Innovations'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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Tuga Innovations Receivables Turnover Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Receivables Turnover	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Tuga Innovations's Receivables Turnover

For the Auto Manufacturers subindustry, Tuga Innovations'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.

Tuga Innovations's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tuga Innovations's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tuga Innovations's Receivables Turnover falls into.

Tuga Innovations Receivables Turnover Calculation

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

Tuga Innovations's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	0	/ (	(0.054	+	0.014)	/	2 )
=	0	/	0.034
=	N/A

Tuga Innovations's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

	Receivables Turnover (Q: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2024 )	/ (	(Accounts Receivable (Q: Apr. 2024 )	+	Accounts Receivable (Q: Jul. 2024 ))	/	count )
=	0	/ (	(0.012	+	0.014)	/	2 )
=	0	/	0.013
=	N/A

Tuga Innovations (OTCPK:TUGAF) 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.

Tuga Innovations Receivables Turnover Related Terms

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Tuga Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (OTCPK:TUGAF) » Definitions » Receivables Turnover

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DQ5:Germany TUGA:Canada

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.