MetaWorks Platforms (XCNQ:MWRK) Receivables Turnover : 0.00 (As of Mar. 2024)

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What is MetaWorks Platforms 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. MetaWorks Platforms's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. MetaWorks Platforms's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.12 Mil.

MetaWorks Platforms Receivables Turnover Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Receivables Turnover Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.19

2.11

5.25

10.99

2.92

MetaWorks Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.19	1.41	0.48	-	-

Competitive Comparison of MetaWorks Platforms's Receivables Turnover

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's Receivables Turnover Distribution in the Software Industry

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

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

MetaWorks Platforms Receivables Turnover Calculation

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

MetaWorks Platforms's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.557	/ (	(0.227	+	0.154)	/	2 )
=	0.557	/	0.1905
=	2.92

MetaWorks Platforms's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0.154	+	0.088)	/	2 )
=	0	/	0.121
=	N/A

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms Receivables Turnover Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Receivables Turnover

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.