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. Metalert's Revenue for the
three
months ended in Sep. 2023 was $0.09 Mil. Metalert's average Accounts Receivable for the
three
months ended in Sep. 2023 was $0.04 Mil.
Hence, Metalert's Receivables Turnover for the
three
months ended in Sep. 2023 was 2.29.
Metalert Receivables Turnover Historical Data
The historical data trend for Metalert'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.
Competitive Comparison of Metalert's Receivables Turnover
For the Communication Equipment subindustry, Metalert'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.
Metalert's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Metalert's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Metalert's Receivables Turnover falls into.
Metalert Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Metalert's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
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.
Metalert Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Metalert's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Metalert Inc along with its subsidiaries, is engaged in the designing, development, manufacturing, distribution, and sales of products and services in the GPS and BLE wearable technology personal location and wandering assistive technology business. Its Products and services include GPS SmartSole, Take-Along Tracker 4G, Track My Workforce, Sole Protector for GPS Smart sole, Take-Along Friends & the Invisabelt, Protective Medical devices & supplies, and VeriTap. The company generates revenue from product sales, recurring subscriptions, software, and intellectual property (IP) licensing, fees for custom hardware and software development, professional consulting, and support & maintenance services.
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