Quantum (LTS:0A7S) Receivables Turnover : 1.32 (As of Jun. 2023)

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What is Quantum 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. Quantum's Revenue for the three months ended in Jun. 2023 was $91.8 Mil. Quantum's average Accounts Receivable for the three months ended in Jun. 2023 was $69.4 Mil. Hence, Quantum's Receivables Turnover for the three months ended in Jun. 2023 was 1.32.

Quantum Receivables Turnover Historical Data

The historical data trend for Quantum'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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Quantum Receivables Turnover Chart

Quantum Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.40

5.13

4.87

5.23

5.82

Quantum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover	Get a 7-Day Free Trial															1.45	1.57	1.66	1.45	1.32

Competitive Comparison of Quantum's Receivables Turnover

For the Computer Hardware subindustry, Quantum'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.

Quantum's Receivables Turnover Distribution in the Hardware Industry

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

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

Quantum Receivables Turnover Calculation

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

Quantum's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	412.752	/ (	(69.354	+	72.464)	/	2 )
=	412.752	/	70.909
=	5.82

Quantum's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	91.787	/ (	(72.464	+	66.245)	/	2 )
=	91.787	/	69.3545
=	1.32

Quantum (LTS:0A7S) 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.

Quantum Receivables Turnover Related Terms

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Quantum (LTS:0A7S) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Corp (LTS:0A7S) » Definitions » Receivables Turnover

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QMCO:USA QNT2:Germany

Address

224 Airport Parkway, Suite 550, San Jose, CA, USA, 95110

Website

https://www.quantum.com

Quantum Corp is a United States-based company engaged in providing scale-out storage, archive, and data protection for small businesses and large multinational enterprises. Its solutions capture, share, manage and preserve digital assets throughout the data lifecycle. The scale-out portfolio offerings enable customers to manage large unstructured data sets, provide ingest capabilities, real-time collaboration, scalability, and protection. It derives primary revenues from the products based on tape technology. A majority of the firm's revenue is generated in the Americas, with the rest coming from Europe and Asia-Pacific.

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