VRAR (The Glimpse Group) Receivables Turnover : 2.80 (As of Dec. 2024)

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What is The Glimpse Group 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. The Glimpse Group's Revenue for the three months ended in Dec. 2024 was $3.17 Mil. The Glimpse Group's average Accounts Receivable for the three months ended in Dec. 2024 was $1.13 Mil. Hence, The Glimpse Group's Receivables Turnover for the three months ended in Dec. 2024 was 2.80.

The Glimpse Group Receivables Turnover Historical Data

The historical data trend for The Glimpse Group'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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The Glimpse Group Receivables Turnover Chart

The Glimpse Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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11.34

8.14

7.42

9.67

8.09

The Glimpse Group Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.70	1.71	2.03	3.06	2.80

Competitive Comparison of The Glimpse Group's Receivables Turnover

For the Software - Infrastructure subindustry, The Glimpse Group'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.

The Glimpse Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, The Glimpse Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Glimpse Group's Receivables Turnover falls into.

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The Glimpse Group Receivables Turnover Calculation

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

The Glimpse Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	8.804	/ (	(1.454	+	0.723)	/	2 )
=	8.804	/	1.0885
=	8.09

The Glimpse Group'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 )
=	3.169	/ (	(0.871	+	1.392)	/	2 )
=	3.169	/	1.1315
=	2.80

The Glimpse Group (NAS:VRAR) 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.

The Glimpse Group Receivables Turnover Related Terms

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The Glimpse Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Glimpse Group Inc (NAS:VRAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

9DR:Germany

Address

15 West 38th Street, 12th Floor, New York, NY, USA, 10018

Website

https://www.theglimpsegroup.com

The Glimpse Group Inc is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.

Executives

Lemuel Amen	director	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Tyler Gates	officer: Chief Futurist Officer	4154 36TH STREET, ARLINGTON VA 22206
Alexander Ruckdaeschel	director	123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028
Jeffrey Ralph Meisner	director, officer: Chief Revenue Officer	401 PALLADIAN BLVD., SOUTHLAKE TX 76092
Lyron L Bentovim	director, 10 percent owner, officer: President & CEO	60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021
Maydan Rothblum	director, officer: Chief Financial Officer & COO	19655 DESCARTES, FOOTHILL RANCH CA 92610
Jeffrey D. Enslin	director	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Ian Morgan Charles	director	35 ANTILLES WAY, TIBURON CA 94920
David John Smith	director, 10 percent owner, officer: Chief Creative Officer	15 WEST 38TH STREET, 9TH FLOOR, NEW YORK NY 10018
Sharon T Rowlands	director	195 BROADWAY, NEW YORK NY 10007