Sollensys (Sollensys) Receivables Turnover : 0.00 (As of Dec. 2022)

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What is Sollensys 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. Sollensys's Revenue for the three months ended in Dec. 2022 was $-0.55 Mil. Sollensys's average Accounts Receivable for the three months ended in Dec. 2022 was $0.29 Mil.

Sollensys Receivables Turnover Historical Data

The historical data trend for Sollensys'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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Sollensys Receivables Turnover Chart

Sollensys Annual Data

Trend

Mar12

Mar19

Mar20

Dec21

Dec22

Receivables Turnover

1.20

Sollensys Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover	Get a 7-Day Free Trial															-	2.37	7.97	0.12	-

Competitive Comparison of Sollensys's Receivables Turnover

For the Software - Infrastructure subindustry, Sollensys'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.

Sollensys's Receivables Turnover Distribution in the Software Industry

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

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

Sollensys Receivables Turnover Calculation

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

Sollensys'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 )
=	0.344	/ (	(0	+	0.287)	/	1 )
=	0.344	/	0.287
=	1.20

Sollensys'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 )
=	-0.546	/ (	(0.286	+	0.287)	/	2 )
=	-0.546	/	0.2865
=	N/A

Sollensys (OTCPK:SOLS) 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.

Sollensys Receivables Turnover Related Terms

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Sollensys (Sollensys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sollensys Corp (OTCPK:SOLS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1470 Treeland Boulevard Southeast, Palm Bay, FL, USA, 32909

Website

https://www.sollensys.com

Sollensys Corp manufactures the blockchain archive server that maintains a redundant, immutable backup of data. Its blockchain archive server protects client data from ransomware malicious software that infects computers and displays messages.