XR Immersive Tech (XCNQ:VRAI) Receivables Turnover

: 0.00 (As of Sep. 2023)

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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. XR Immersive Tech's Revenue for the three months ended in Sep. 2023 was C$0.19 Mil. XR Immersive Tech's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.00 Mil.

XR Immersive Tech Receivables Turnover Historical Data

The historical data trend for XR Immersive Tech'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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XR Immersive Tech Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

XR Immersive Tech Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover									-	-	-	-	-

Competitive Comparison

For the Computer Hardware subindustry, XR Immersive Tech'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.

XR Immersive Tech Receivables Turnover Distribution

For the Hardware industry and Technology sector, XR Immersive Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where XR Immersive Tech's Receivables Turnover falls into.

XR Immersive Tech Receivables Turnover Calculation

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

XR Immersive Tech'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 )
=	1.195	/ (	(0	+	0)	/	1 )
=	1.195	/	0
=	N/A

XR Immersive Tech'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 )
=	0.187	/ (	(0	+	0)	/	1 )
=	0.187	/	0
=	N/A

XR Immersive Tech (XCNQ:VRAI) 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.

XR Immersive Tech Receivables Turnover Related Terms

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XR Immersive Tech (XCNQ:VRAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » XR Immersive Tech Inc (XCNQ:VRAI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FNTTF:USA 79W:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.immersivetech.co

XR Immersive Tech Inc is a Virtual Reality and Augmented Reality entertainment and attractions manufacturer blending amusement park engineering and video game development to create custom experiences through its flagship hyper-immersive multiplayer VR attraction Uncontained.

XR Immersive Tech (XCNQ:VRAI) Headlines

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