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. Oblong's Revenue for the
three
months ended in Dec. 2023 was $0.94 Mil. Oblong's average Accounts Receivable for the
three
months ended in Dec. 2023 was $0.29 Mil.
Hence, Oblong's Receivables Turnover for the
three
months ended in Dec. 2023 was 3.25.
Oblong Receivables Turnover Historical Data
The historical data trend for Oblong'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 Oblong's Receivables Turnover
For the Software - Application subindustry, Oblong'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.
Oblong's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Oblong's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Oblong's Receivables Turnover falls into.
Oblong Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Oblong's Receivables Turnover for the fiscal year that ended in Dec. 2023 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.
Oblong Receivables Turnover Related Terms
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Oblong Inc delivers visual solutions for collaboration and computing environments. The company's flagship product Mezzanine is the technology platform that defines computing: simultaneous multi-user, multi-screen, multi-device, and multi-location for dynamic and immersive visual collaboration. Mezzanine transforms routine meetings and workflows into agile, engaging experiences by making data visible and accessible in a collaborative setting. Mezzanine enables multiple, concurrent pieces of content to be shared, manipulated, created, and captured across distance. It serves various industries including aerospace, consulting, executive search, broadcast media, technology, financial services, education, healthcare, real estate, retail, construction, hospitality, and government, among others.
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