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TeraGo (TeraGo) Receivables Turnover : 3.53 (As of Mar. 2024)


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What is TeraGo 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. TeraGo's Revenue for the three months ended in Mar. 2024 was $4.78 Mil. TeraGo's average Accounts Receivable for the three months ended in Mar. 2024 was $1.35 Mil. Hence, TeraGo's Receivables Turnover for the three months ended in Mar. 2024 was 3.53.


TeraGo Receivables Turnover Historical Data

The historical data trend for TeraGo'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.

* Premium members only.

TeraGo Receivables Turnover Chart

TeraGo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.68 17.83 17.56 12.85 14.97

TeraGo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 4.53 3.96 3.60 3.53

Competitive Comparison of TeraGo's Receivables Turnover

For the Telecom Services subindustry, TeraGo'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.


TeraGo's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TeraGo's Receivables Turnover distribution charts can be found below:

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



TeraGo Receivables Turnover Calculation

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

TeraGo'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 )
=19.419 / ((1.185 + 1.409) / 2 )
=19.419 / 1.297
=14.97

TeraGo'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 )
=4.781 / ((1.409 + 1.296) / 2 )
=4.781 / 1.3525
=3.53

* 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.


TeraGo  (OTCPK:TRAGF) 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.


TeraGo Receivables Turnover Related Terms

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TeraGo (TeraGo) Business Description

Traded in Other Exchanges
Address
55 Commerce Valley Drive West, Suite 800, Thornhill, ON, CAN, L3T 7V9
TeraGo Inc provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.

TeraGo (TeraGo) Headlines

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