Data443 Risk Mitigation (Data443 Risk Mitigation) Receivables Turnover : 6.38 (As of Mar. 2024)

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What is Data443 Risk Mitigation 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. Data443 Risk Mitigation's Revenue for the three months ended in Mar. 2024 was $1.51 Mil. Data443 Risk Mitigation's average Accounts Receivable for the three months ended in Mar. 2024 was $0.24 Mil. Hence, Data443 Risk Mitigation's Receivables Turnover for the three months ended in Mar. 2024 was 6.38.

Data443 Risk Mitigation Receivables Turnover Historical Data

The historical data trend for Data443 Risk Mitigation'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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Data443 Risk Mitigation Receivables Turnover Chart

Data443 Risk Mitigation Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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22.70

24.63

45.40

97.30

32.63

Data443 Risk Mitigation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															64.19	88.43	35.59	16.68	6.38

Competitive Comparison of Data443 Risk Mitigation's Receivables Turnover

For the Software - Infrastructure subindustry, Data443 Risk Mitigation'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.

Data443 Risk Mitigation's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Data443 Risk Mitigation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Data443 Risk Mitigation's Receivables Turnover falls into.

Data443 Risk Mitigation Receivables Turnover Calculation

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

Data443 Risk Mitigation'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 )
=	5.579	/ (	(0.032	+	0.31)	/	2 )
=	5.579	/	0.171
=	32.63

Data443 Risk Mitigation'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 )
=	1.511	/ (	(0.31	+	0.164)	/	2 )
=	1.511	/	0.237
=	6.38

Data443 Risk Mitigation (OTCPK:ATDS) 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.

Data443 Risk Mitigation Receivables Turnover Related Terms

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Data443 Risk Mitigation (Data443 Risk Mitigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Data443 Risk Mitigation Inc (OTCPK:ATDS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000 Sancar Drive, P.O. Box 12235, Suite 400, Research Triangle Park, Durham, NC, USA, 27709

Website

https://www.data443.com

Data443 Risk Mitigation Inc is engaged in developing products that enable secure data, at rest and in flight, across local devices, networks, cloud, and databases. The company derives revenue primarily from contracts for subscription to access the SaaS platforms and, ancillary services provided in connection with subscription services. Its product portfolio comprises of ClassiDocs, WordPress GDPR Framework, ARALOC platform, ArcMail, Data443 Virtual Data Protection Officer program, and Privacy Manager.

Executives

Greg Mccraw	officer: Vice President and CFO	4000 PARK DRIVE, SUITE 400, RESEARCH TRIANGLE NC 27709
Remillard Jason L M	director, officer: President; CEO; Secretary	101 J. MORRIS COMMONS LANE, SUITE 105, MORRISVILLE NC 27560