Magnet Forensics (Magnet Forensics) Receivables Turnover : 1.48 (As of Dec. 2022)

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What is Magnet Forensics 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. Magnet Forensics's Revenue for the three months ended in Dec. 2022 was $31.01 Mil. Magnet Forensics's average Accounts Receivable for the three months ended in Dec. 2022 was $20.97 Mil. Hence, Magnet Forensics's Receivables Turnover for the three months ended in Dec. 2022 was 1.48.

Magnet Forensics Receivables Turnover Historical Data

The historical data trend for Magnet Forensics'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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Magnet Forensics Receivables Turnover Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

4.60

5.32

5.42

4.47

4.73

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial									1.13	1.13	1.42	1.24	1.48

Competitive Comparison of Magnet Forensics's Receivables Turnover

For the Software - Application subindustry, Magnet Forensics'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.

Magnet Forensics's Receivables Turnover Distribution in the Software Industry

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

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

Magnet Forensics Receivables Turnover Calculation

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

Magnet Forensics'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 )
=	98.934	/ (	(21.249	+	20.561)	/	2 )
=	98.934	/	20.905
=	4.73

Magnet Forensics's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	31.01	/ (	(21.387	+	20.561)	/	2 )
=	31.01	/	20.974
=	1.48

Magnet Forensics (OTCPK:MAGTF) 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.

Magnet Forensics Receivables Turnover Related Terms

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Magnet Forensics (Magnet Forensics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (OTCPK:MAGTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.