Karbon-X (Karbon-X) Receivables Turnover : 12.67 (As of Feb. 2024)

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What is Karbon-X 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. Karbon-X's Revenue for the three months ended in Feb. 2024 was $0.25 Mil. Karbon-X's average Accounts Receivable for the three months ended in Feb. 2024 was $0.02 Mil. Hence, Karbon-X's Receivables Turnover for the three months ended in Feb. 2024 was 12.67.

Karbon-X Receivables Turnover Historical Data

The historical data trend for Karbon-X'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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Karbon-X Receivables Turnover Chart

Karbon-X Annual Data

Trend

May22

May23

Receivables Turnover

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial				4.00	-	-	2.57	12.67

Competitive Comparison of Karbon-X's Receivables Turnover

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Karbon-X's Receivables Turnover falls into.

Karbon-X Receivables Turnover Calculation

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

Karbon-X's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	0.01	/ (	(0	+	0)	/	1 )
=	0.01	/	0
=	N/A

Karbon-X's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.247	/ (	(0.014	+	0.025)	/	2 )
=	0.247	/	0.0195
=	12.67

Karbon-X (OTCPK:KARX) 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.

Karbon-X Receivables Turnover Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.