AMPD Ventures (XCNQ:AMPD) Receivables Turnover : 2.32 (As of Feb. 2023)

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What is AMPD Ventures 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. AMPD Ventures's Revenue for the three months ended in Feb. 2023 was C$0.49 Mil. AMPD Ventures's average Accounts Receivable for the three months ended in Feb. 2023 was C$0.21 Mil. Hence, AMPD Ventures's Receivables Turnover for the three months ended in Feb. 2023 was 2.32.

AMPD Ventures Receivables Turnover Historical Data

The historical data trend for AMPD Ventures'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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AMPD Ventures Receivables Turnover Chart

AMPD Ventures Annual Data

Trend

May18

May19

May20

May21

Receivables Turnover

26.86

42.63

7.53

6.25

AMPD Ventures Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Aug22	Nov22	Feb23
Receivables Turnover	Get a 7-Day Free Trial														2.38	34.83	8.34	2.09	2.32

Competitive Comparison of AMPD Ventures's Receivables Turnover

For the Software - Infrastructure subindustry, AMPD Ventures'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.

AMPD Ventures's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where AMPD Ventures's Receivables Turnover falls into.

AMPD Ventures Receivables Turnover Calculation

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

AMPD Ventures's Receivables Turnover for the fiscal year that ended in May. 2021 is calculated as

	Receivables Turnover (A: May. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2021 )	/ (	(Accounts Receivable (A: May. 2020 )	+	Accounts Receivable (A: May. 2021 ))	/	count )
=	1.55	/ (	(0.286	+	0.21)	/	2 )
=	1.55	/	0.248
=	6.25

AMPD Ventures's Receivables Turnover for the quarter that ended in Feb. 2023 is calculated as

	Receivables Turnover (Q: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2023 )	/ (	(Accounts Receivable (Q: Nov. 2022 )	+	Accounts Receivable (Q: Feb. 2023 ))	/	count )
=	0.489	/ (	(0.282	+	0.14)	/	2 )
=	0.489	/	0.211
=	2.32

AMPD Ventures (XCNQ:AMPD) 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.

AMPD Ventures Receivables Turnover Related Terms

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AMPD Ventures (XCNQ:AMPD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AMPD Ventures Inc (XCNQ:AMPD) » Definitions » Receivables Turnover

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AMPDF:USA

Address

577 Great Northern Way, Suite 210, Vancouver, BC, CAN, V5T 1E1

Website

https://www.ampd.ventures

AMPD Ventures Inc is specialized in providing high-performance cloud and compute solutions for low-latency applications including video games and eSports, digital animation and visual effects, and big data collection, analysis, and visualization. Geographically, it derives a majority of revenue from Canada.

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