DataDot Technology (ASX:DDT) Receivables Turnover : 2.27 (As of Dec. 2023)

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What is DataDot Technology 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. DataDot Technology's Revenue for the six months ended in Dec. 2023 was A$1.42 Mil. DataDot Technology's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.63 Mil. Hence, DataDot Technology's Receivables Turnover for the six months ended in Dec. 2023 was 2.27.

DataDot Technology Receivables Turnover Historical Data

The historical data trend for DataDot Technology'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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DataDot Technology Receivables Turnover Chart

DataDot Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.06

3.24

2.58

2.91

4.24

DataDot Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.38	1.79	2.12	2.36	2.27

Competitive Comparison of DataDot Technology's Receivables Turnover

For the Security & Protection Services subindustry, DataDot Technology'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.

DataDot Technology's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DataDot Technology's Receivables Turnover distribution charts can be found below:

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

DataDot Technology Receivables Turnover Calculation

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

DataDot Technology's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.365	/ (	(0.545	+	0.57)	/	2 )
=	2.365	/	0.5575
=	4.24

DataDot Technology's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.424	/ (	(0.57	+	0.685)	/	2 )
=	1.424	/	0.6275
=	2.27

DataDot Technology (ASX:DDT) 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.

DataDot Technology Receivables Turnover Related Terms

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DataDot Technology (ASX:DDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DataDot Technology Ltd (ASX:DDT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Ethel Ave, Brookvale, Sydney, NSW, AUS, 2100

Website

https://www.datadotdna.com

DataDot Technology Ltd is engaged in the manufacturing and distribution of asset identification solutions that include polymer and metallic microdots, asset registers, manufacturing and distributing high-security datatraceID authentication solutions, to develop and distribute customized solutions combining datadotDNA, datatraceID, asset registration and other technologies. The operating segments of the company are OEMs and Distributors, DataTraceID, Direct Business, and Consumer sales. The company generates the majority of its revenue from OEMs and Distributors segment, which is engaged in the manufacture and wholesale supply of DataDotDNA polymer and metallic microdots to manufacturers (OEMs) for application to their own products.

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