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. PowerFleet's Revenue for the
three
months ended in Sep. 2023 was $34.2 Mil. PowerFleet's average Accounts Receivable for the
three
months ended in Sep. 2023 was $32.5 Mil.
Hence, PowerFleet's Receivables Turnover for the
three
months ended in Sep. 2023 was 1.05.
PowerFleet Receivables Turnover Historical Data
The historical data trend for PowerFleet'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 PowerFleet's Receivables Turnover
For the Communication Equipment subindustry, PowerFleet'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.
PowerFleet's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, PowerFleet's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where PowerFleet's Receivables Turnover falls into.
PowerFleet Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
PowerFleet'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.
PowerFleet Receivables Turnover Related Terms
Thank you for viewing the detailed overview of PowerFleet's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.
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