ATW Tech (TSXV:ATW) Receivables Turnover : 0.69 (As of Sep. 2023)

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What is ATW Tech 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. ATW Tech's Revenue for the three months ended in Sep. 2023 was C$0.34 Mil. ATW Tech's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.50 Mil. Hence, ATW Tech's Receivables Turnover for the three months ended in Sep. 2023 was 0.69.

ATW Tech Receivables Turnover Historical Data

The historical data trend for ATW 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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ATW Tech Receivables Turnover Chart

ATW Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.93

5.13

5.69

9.87

12.86

ATW Tech 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															1.02	3.03	2.40	0.94	0.69

Competitive Comparison of ATW Tech's Receivables Turnover

For the Software - Infrastructure subindustry, ATW 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.

ATW Tech's Receivables Turnover Distribution in the Software Industry

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

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

ATW Tech Receivables Turnover Calculation

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

ATW 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 )
=	1.711	/ (	(0.207	+	0.059)	/	2 )
=	1.711	/	0.133
=	12.86

ATW 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 )
=	0.34	/ (	(0.509	+	0.482)	/	2 )
=	0.34	/	0.4955
=	0.69

ATW Tech (TSXV:ATW) 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.

ATW Tech Receivables Turnover Related Terms

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ATW Tech (TSXV:ATW) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ATW Tech Inc (TSXV:ATW) » Definitions » Receivables Turnover

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Address

1050 de la Montagne Street, Suite 400, Montreal, QC, CAN, H3G 1Y8

Website

https://www.atwtech.com

ATW Tech Inc is a financial technology company owning several web platforms including VoxTel, VuduMobile, Option.vote and Bloomed. The Communication segment offers various interactive communication and payment solutions, including carrier billing. Its Psychometric assessment segment offered assistance to businesses and mass markets in talent optimization and human capital development. Geographic segments include Canada, the United States, Europe, and other countries of which Europe region generates maximum revenue.

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