SatixFy Communications (SatixFy Communications) Receivables Turnover : 0.50 (As of Mar. 2024)

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What is SatixFy Communications 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. SatixFy Communications's Revenue for the three months ended in Mar. 2024 was $1.91 Mil. SatixFy Communications's average Accounts Receivable for the three months ended in Mar. 2024 was $3.81 Mil. Hence, SatixFy Communications's Receivables Turnover for the three months ended in Mar. 2024 was 0.50.

SatixFy Communications Receivables Turnover Historical Data

The historical data trend for SatixFy Communications'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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SatixFy Communications Receivables Turnover Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

21.74

7.72

2.17

1.95

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						0.82	0.89	-	0.49	0.50

Competitive Comparison of SatixFy Communications's Receivables Turnover

For the Communication Equipment subindustry, SatixFy Communications'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.

SatixFy Communications's Receivables Turnover Distribution in the Hardware Industry

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

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

SatixFy Communications Receivables Turnover Calculation

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

SatixFy Communications'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 )
=	10.73	/ (	(4.651	+	6.351)	/	2 )
=	10.73	/	5.501
=	1.95

SatixFy Communications'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 )
=	1.906	/ (	(6.351	+	1.266)	/	2 )
=	1.906	/	3.8085
=	0.50

SatixFy Communications (AMEX:SATX) 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.

SatixFy Communications Receivables Turnover Related Terms

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SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.