Arway (XCNQ:ARWY) Receivables Turnover : 2.22 (As of Feb. 2024)

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What is Arway 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. Arway's Revenue for the three months ended in Feb. 2024 was C$0.14 Mil. Arway's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.06 Mil. Hence, Arway's Receivables Turnover for the three months ended in Feb. 2024 was 2.22.

Arway Receivables Turnover Historical Data

The historical data trend for Arway'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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Arway Receivables Turnover Chart

Arway Annual Data

Trend

Aug22

Aug23

Receivables Turnover

2.50

Arway Quarterly Data
	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial			2.59	0.59	0.98	4.93	2.22

Competitive Comparison of Arway's Receivables Turnover

For the Software - Application subindustry, Arway'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.

Arway's Receivables Turnover Distribution in the Software Industry

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

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

Arway Receivables Turnover Calculation

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

Arway'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 )
=	0.06	/ (	(0	+	0.024)	/	1 )
=	0.06	/	0.024
=	2.50

Arway'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 )
=	0.142	/ (	(0.036	+	0.092)	/	2 )
=	0.142	/	0.064
=	2.22

Arway (XCNQ:ARWY) 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.

Arway Receivables Turnover Related Terms

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Arway (XCNQ:ARWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arway Corp (XCNQ:ARWY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ARWYF:USA E65:Germany

Address

Toronto Rpo Royal Bank Plaza, PO Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://www.arway.ai

Arway Corp is s an AI-powered augmented reality experience platform for indoor spaces. The platform allows users to easily create experiences for navigation, tours, information sharing, notifications, advertising, and gamification. It creates immersive AR experiences using its web-based studio and brings them to life through smartphones.

Executives

Evan Gappelberg

Director

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