Enablence Technologies (TSXV:ENA) Receivables Turnover : 2.87 (As of Mar. 2024)

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What is Enablence Technologies 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. Enablence Technologies's Revenue for the three months ended in Mar. 2024 was C$0.56 Mil. Enablence Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.19 Mil. Hence, Enablence Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.87.

Enablence Technologies Receivables Turnover Historical Data

The historical data trend for Enablence Technologies'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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Enablence Technologies Receivables Turnover Chart

Enablence Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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1.60

2.15

7.45

7.55

7.25

Enablence Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.36	2.31	1.81	1.16	2.87

Competitive Comparison of Enablence Technologies's Receivables Turnover

For the Communication Equipment subindustry, Enablence Technologies'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.

Enablence Technologies's Receivables Turnover Distribution in the Hardware Industry

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

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

Enablence Technologies Receivables Turnover Calculation

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

Enablence Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.605	/ (	(0.335	+	0.384)	/	2 )
=	2.605	/	0.3595
=	7.25

Enablence Technologies'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.558	/ (	(0.139	+	0.25)	/	2 )
=	0.558	/	0.1945
=	2.87

Enablence Technologies (TSXV:ENA) 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.

Enablence Technologies Receivables Turnover Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

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ENAFF:USA

Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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