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Voice Mobility International (TSXV:VMY.H) Receivables Turnover : 0.92 (As of Sep. 2023)


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What is Voice Mobility International 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. Voice Mobility International's Revenue for the three months ended in Sep. 2023 was C$0.01 Mil. Voice Mobility International's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.01 Mil. Hence, Voice Mobility International's Receivables Turnover for the three months ended in Sep. 2023 was 0.92.


Voice Mobility International Receivables Turnover Historical Data

The historical data trend for Voice Mobility International'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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Voice Mobility International Receivables Turnover Chart

Voice Mobility International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.49 4.05 3.06 2.56 3.13

Voice Mobility International Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 1.50 0.79 0.55 0.92

Competitive Comparison of Voice Mobility International's Receivables Turnover

For the Telecom Services subindustry, Voice Mobility International'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.


Voice Mobility International's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Voice Mobility International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Voice Mobility International's Receivables Turnover falls into.



Voice Mobility International Receivables Turnover Calculation

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

Voice Mobility International's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=0.047 / ((0.019 + 0.011) / 2 )
=0.047 / 0.015
=3.13

Voice Mobility International's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=0.011 / ((0.023 + 0.001) / 2 )
=0.011 / 0.012
=0.92

* 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.


Voice Mobility International  (TSXV:VMY.H) 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.


Voice Mobility International Receivables Turnover Related Terms

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Voice Mobility International (TSXV:VMY.H) Business Description

Traded in Other Exchanges
N/A
Address
1600 - 609 Granville Street, Vancouver, BC, CAN, V7Y 1C3
Voice Mobility International Inc provides a unified communications service through its Tagline Communications division. It offers services like 1-800 numbers, voice recognition, fax to email, auto attendant, web-based telephony, and conferencing functionality to business professionals throughout North America.

Voice Mobility International (TSXV:VMY.H) Headlines

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