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Nuran Wireless (XCNQ:NUR) Receivables Turnover : 0.46 (As of Sep. 2024)


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What is Nuran Wireless 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. Nuran Wireless's Revenue for the three months ended in Sep. 2024 was C$1.56 Mil. Nuran Wireless's average Accounts Receivable for the three months ended in Sep. 2024 was C$3.41 Mil. Hence, Nuran Wireless's Receivables Turnover for the three months ended in Sep. 2024 was 0.46.


Nuran Wireless Receivables Turnover Historical Data

The historical data trend for Nuran Wireless'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.

* Premium members only.

Nuran Wireless Receivables Turnover Chart

Nuran Wireless Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 4.39 3.88 23.89 1.70 0.93

Nuran Wireless Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.69 0.30 0.53 0.46

Competitive Comparison of Nuran Wireless's Receivables Turnover

For the Communication Equipment subindustry, Nuran Wireless'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.


Nuran Wireless's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nuran Wireless's Receivables Turnover distribution charts can be found below:

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



Nuran Wireless Receivables Turnover Calculation

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

Nuran Wireless'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 )
=3.199 / ((5.606 + 1.273) / 2 )
=3.199 / 3.4395
=0.93

Nuran Wireless's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1.563 / ((3.138 + 3.69) / 2 )
=1.563 / 3.414
=0.46

* 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.


Nuran Wireless  (XCNQ:NUR) 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.


Nuran Wireless Receivables Turnover Related Terms

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Nuran Wireless Business Description

Traded in Other Exchanges
Address
2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3
Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa.
Executives
Francis Letourneau Senior Officer
Martin BÉdard 10% Security Holder
Inc. 9369-5864 Quebec 10% Security Holder
Alain Carrier Director or Senior Officer of 10% Security Holder
Richard Carrier Director or Senior Officer of 10% Security Holder
Stephan Kruse Director or Senior Officer of 10% Security Holder
Thierry Cases Senior Officer

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