VERTF (Vertiqal Studios) Receivables Turnover : 0.63 (As of Dec. 2024)

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What is Vertiqal Studios 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. Vertiqal Studios's Revenue for the three months ended in Dec. 2024 was $0.74 Mil. Vertiqal Studios's average Accounts Receivable for the three months ended in Dec. 2024 was $1.18 Mil. Hence, Vertiqal Studios's Receivables Turnover for the three months ended in Dec. 2024 was 0.63.

Vertiqal Studios Receivables Turnover Historical Data

The historical data trend for Vertiqal Studios'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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Vertiqal Studios Receivables Turnover Chart

Vertiqal Studios Annual Data

Trend

Nov19

Nov20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.34

4.70

3.21

3.44

Vertiqal Studios Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.63	0.66	1.15	1.15	0.63

Competitive Comparison of Vertiqal Studios's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Vertiqal Studios'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.

Vertiqal Studios's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vertiqal Studios's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vertiqal Studios's Receivables Turnover falls into.

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Vertiqal Studios Receivables Turnover Calculation

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

Vertiqal Studios's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	3.412	/ (	(1.247	+	0.736)	/	2 )
=	3.412	/	0.9915
=	3.44

Vertiqal Studios's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.738	/ (	(1.618	+	0.736)	/	2 )
=	0.738	/	1.177
=	0.63

Vertiqal Studios (OTCPK:VERTF) 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.

Vertiqal Studios Receivables Turnover Related Terms

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Vertiqal Studios Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vertiqal Studios Corp (OTCPK:VERTF) » Definitions » Receivables Turnover

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VRTS:Canada

Address

120 Carlton Street, Suite 405, Toronto, ON, CAN, M5A 4K2

Website

https://www.vertiqalstudios.com

Vertiqal Studios Corp is an owned and operated digital-channel network and video-production studio. Specializing in the creation of viral videos, Vertiqal produces and distributes 100+ videos daily across 66 owned-and-operated channels, utilizing TV economics to monetize TikTok and Instagram, and revenue-share with OTT platforms such as Snapchat. Its strategic focus is producing high-performing organic (not paid) video across its channels in order to continue building its audience.