SmartRent (SmartRent) Receivables Turnover : 0.84 (As of Mar. 2024)

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What is SmartRent 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. SmartRent's Revenue for the three months ended in Mar. 2024 was $50.5 Mil. SmartRent's average Accounts Receivable for the three months ended in Mar. 2024 was $60.0 Mil. Hence, SmartRent's Receivables Turnover for the three months ended in Mar. 2024 was 0.84.

SmartRent Receivables Turnover Historical Data

The historical data trend for SmartRent'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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SmartRent Receivables Turnover Chart

SmartRent Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.53

3.34

3.11

3.81

SmartRent Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										1.07	0.90	0.94	0.96	0.84

Competitive Comparison of SmartRent's Receivables Turnover

For the Software - Application subindustry, SmartRent'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.

SmartRent's Receivables Turnover Distribution in the Software Industry

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

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

SmartRent Receivables Turnover Calculation

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

SmartRent'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 )
=	236.838	/ (	(62.442	+	61.903)	/	2 )
=	236.838	/	62.1725
=	3.81

SmartRent's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	50.489	/ (	(61.903	+	58.093)	/	2 )
=	50.489	/	59.998
=	0.84

SmartRent (NYSE:SMRT) 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.

SmartRent Receivables Turnover Related Terms

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SmartRent (SmartRent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartRent Inc (NYSE:SMRT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8665 E. Hartford Drive, Suite 200, Scottsdale, AZ, USA, 85255

Website

https://www.smartrent.com

SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.

Executives

Alana Beard	director	6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Bruce C Strohm	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Isaiah Derose-wilson	officer: Chief Technology Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Kristen Morse Lee	officer: General Counsel	8665 E HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ 85255
Robert T. Best	director	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Bain Capital Venture Fund 2019, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Christopher Jon Edmonds	officer: Chief Revenue Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Demetrios Barnes	officer: Chief Operating Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Mitch Karren	officer: Chief Product Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Robyn Young	officer: Chief Marketing Officer	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 855255
Hiroshi Okamoto	officer: CFO	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 85255
John Hanson Helm	10 percent owner	C/O REAL ESTATE TECHNOLOGY VENTURES, 136 HEBER AVE, SUITE 304, PARK CITY UT 84060
Brian M Roberts	officer: Chief Legal Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Jonathan Wolter	officer: Chief Financial Officer	1235 RADIO ROAD, SUITE 110, REDWOOD CITY CA 94065
Lucas Merwan Haldeman	director, officer: Chief Executive Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255