Mdf Commerce (Mdf Commerce) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Mdf Commerce 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. Mdf Commerce's Revenue for the three months ended in Dec. 2023 was $22.50 Mil. Mdf Commerce's average Accounts Receivable for the three months ended in Dec. 2023 was $7.90 Mil. Hence, Mdf Commerce's Receivables Turnover for the three months ended in Dec. 2023 was 2.85.

Mdf Commerce Receivables Turnover Historical Data

The historical data trend for Mdf Commerce'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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Mdf Commerce Receivables Turnover Chart

Mdf Commerce Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.74

10.36

11.75

11.17

9.30

Mdf Commerce Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.84	2.06	2.54	3.17	2.85

Competitive Comparison of Mdf Commerce's Receivables Turnover

For the Software - Infrastructure subindustry, Mdf Commerce'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.

Mdf Commerce's Receivables Turnover Distribution in the Software Industry

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

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

Mdf Commerce Receivables Turnover Calculation

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

Mdf Commerce's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	93.762	/ (	(8.208	+	11.956)	/	2 )
=	93.762	/	10.082
=	9.30

Mdf Commerce'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	22.502	/ (	(7.925	+	7.873)	/	2 )
=	22.502	/	7.899
=	2.85

Mdf Commerce (OTCPK:MECVF) 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.

Mdf Commerce Receivables Turnover Related Terms

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Mdf Commerce (Mdf Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mdf Commerce Inc (OTCPK:MECVF) » Definitions » Receivables Turnover

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MDF:Canada

Address

1111 St-Charles Street West, East Tower, Suite 255, Longueuil, QC, CAN, J4K 5G4

Website

https://www.mdfcommerce.com

Mdf Commerce Inc enables the flow of commerce by providing a broad set of SaaS solutions that optimize and accelerate commercial interactions between buyers and sellers. Its platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. The company's procurement, e-commerce and e-marketplace platforms are supported by a strong and dedicated team based in Canada, the United States, Denmark, Ukraine, and China.