Ackroo (Ackroo) Receivables Turnover : 7.57 (As of Sep. 2023)

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What is Ackroo 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. Ackroo's Revenue for the three months ended in Sep. 2023 was $1.20 Mil. Ackroo's average Accounts Receivable for the three months ended in Sep. 2023 was $0.16 Mil. Hence, Ackroo's Receivables Turnover for the three months ended in Sep. 2023 was 7.57.

Ackroo Receivables Turnover Historical Data

The historical data trend for Ackroo'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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Ackroo Receivables Turnover Chart

Ackroo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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17.65

14.22

13.38

13.52

16.53

Ackroo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															4.32	5.13	7.19	7.07	7.57

Competitive Comparison of Ackroo's Receivables Turnover

For the Software - Application subindustry, Ackroo'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.

Ackroo's Receivables Turnover Distribution in the Software Industry

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

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

Ackroo Receivables Turnover Calculation

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

Ackroo's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	4.611	/ (	(0.367	+	0.191)	/	2 )
=	4.611	/	0.279
=	16.53

Ackroo's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1.2	/ (	(0.163	+	0.154)	/	2 )
=	1.2	/	0.1585
=	7.57

Ackroo (OTCPK:AKRFF) 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.

Ackroo Receivables Turnover Related Terms

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Ackroo (Ackroo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ackroo Inc (OTCPK:AKRFF) » Definitions » Receivables Turnover

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AKR:Canada

Address

1250 South Service Road, Unit A3-1 (3rd Floor), Hamilton, ON, CAN, L8E 5R9

Website

https://www.ackroo.com

Ackroo Inc provides marketing, payment, and point-of-sale solutions for merchants of all sizes. Through a SaaS-based business model, the company provides an in-store and online automated solution to help merchants process loyalty, gift card, and promotional transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their loyalty and gift card accounts. Its payment services provide merchants with low-cost payment processing options through some of the world's largest payment technology and service providers. Ackroo's hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industries including golf clubs, automotive dealers, and more.