Quest Patent Research (Quest Patent Research) Receivables Turnover : 4.22 (As of Dec. 2023)

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What is Quest Patent Research 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. Quest Patent Research's Revenue for the three months ended in Dec. 2023 was $12.70 Mil. Quest Patent Research's average Accounts Receivable for the three months ended in Dec. 2023 was $3.01 Mil. Hence, Quest Patent Research's Receivables Turnover for the three months ended in Dec. 2023 was 4.22.

Quest Patent Research Receivables Turnover Historical Data

The historical data trend for Quest Patent Research'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.

* Premium members only.

Quest Patent Research Receivables Turnover Chart

Quest Patent Research Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.24

3.81

1.98

4.37

Quest Patent Research 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															0.25	-	-	-	4.22

Competitive Comparison of Quest Patent Research's Receivables Turnover

For the Consulting Services subindustry, Quest Patent Research'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.

Quest Patent Research's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Quest Patent Research's Receivables Turnover falls into.

Quest Patent Research Receivables Turnover Calculation

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

Quest Patent Research's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	13.153	/ (	(0	+	3.008)	/	1 )
=	13.153	/	3.008
=	4.37

Quest Patent Research'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 )
=	12.7	/ (	(0	+	3.008)	/	1 )
=	12.7	/	3.008
=	4.22

Quest Patent Research (OTCPK:QPRC) 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.

Quest Patent Research Receivables Turnover Related Terms

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Quest Patent Research (Quest Patent Research) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quest Patent Research Corp (OTCPK:QPRC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580-1411

Website

https://www.qprc.com

Quest Patent Research Corp is an intellectual property asset management company. The company is engaged in the development, acquisition, licensing and enforcement of intellectual property rights. Its intellectual property portfolios consist of mobile data, online marketing, sweepstakes, promotions, and rewards, flexible packaging, universal financial data system, rich media, anchor structure portfolio, power management/bus control portfolio, and diode on-chip portfolio. The company has two segments namely intellectual property licensing and licensed packaging sales. It generates revenue from patent licensing fees, management fees, and licensed packaging sales.

Executives

Timothy J Scahill	director	472 WHITING ROAD, WEBSTER NY 14580
William Ryall Carroll	director	242 WEST 104TH ST, APT 6ER, NEW YORK NY 10025
Robert Christopher Paladino	director	7811 VALENCIA COURT, NAPLES FL 34113
Jon Charles Scahill	director, officer: President & COO	24 GREENHAVEN RD., RYE NY 10580-1018