GINSMS (TSXV:GOK) Receivables Turnover : 1.00 (As of Mar. 2024)

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What is GINSMS 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. GINSMS's Revenue for the three months ended in Mar. 2024 was C$0.71 Mil. GINSMS's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.71 Mil. Hence, GINSMS's Receivables Turnover for the three months ended in Mar. 2024 was 1.00.

GINSMS Receivables Turnover Historical Data

The historical data trend for GINSMS'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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GINSMS Receivables Turnover Chart

GINSMS Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.40

6.11

4.80

5.34

5.35

GINSMS 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															1.35	1.25	1.03	1.04	1.00

Competitive Comparison of GINSMS's Receivables Turnover

For the Telecom Services subindustry, GINSMS'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.

GINSMS's Receivables Turnover Distribution in the Telecommunication Services Industry

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

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

GINSMS Receivables Turnover Calculation

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

GINSMS'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 )
=	3.189	/ (	(0.557	+	0.636)	/	2 )
=	3.189	/	0.5965
=	5.35

GINSMS'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 )
=	0.71	/ (	(0.636	+	0.791)	/	2 )
=	0.71	/	0.7135
=	1.00

GINSMS (TSXV:GOK) 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.

GINSMS Receivables Turnover Related Terms

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GINSMS (TSXV:GOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GINSMS Inc (TSXV:GOK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4

Website

http://www.ginsms.com

GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

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