Tiny (TSXV:TINY) Receivables Turnover : 3.27 (As of Dec. 2023)

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What is Tiny 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. Tiny's Revenue for the three months ended in Dec. 2023 was C$51.2 Mil. Tiny's average Accounts Receivable for the three months ended in Dec. 2023 was C$15.7 Mil. Hence, Tiny's Receivables Turnover for the three months ended in Dec. 2023 was 3.27.

Tiny Receivables Turnover Historical Data

The historical data trend for Tiny'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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Tiny Receivables Turnover Chart

Tiny Annual Data

Trend

Dec22

Dec23

Receivables Turnover

14.01

13.47

Tiny Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.54	1.99	-	3.43	3.27

Competitive Comparison of Tiny's Receivables Turnover

For the Asset Management subindustry, Tiny'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.

Tiny's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tiny's Receivables Turnover distribution charts can be found below:

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

Tiny Receivables Turnover Calculation

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

Tiny'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 )
=	185.503	/ (	(10.965	+	16.581)	/	2 )
=	185.503	/	13.773
=	13.47

Tiny's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	51.175	/ (	(14.744	+	16.581)	/	2 )
=	51.175	/	15.6625
=	3.27

Tiny (TSXV:TINY) 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.

Tiny Receivables Turnover Related Terms

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Tiny (TSXV:TINY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tiny Ltd (TSXV:TINY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TNYZF:USA I0B:Germany

Address

400 - 1152 Mainland Street, Vancouver, BC, CAN, V6B 4X2

Website

https://www.tiny.com

Tiny Ltd operates as a technology holding company with a strategy of acquiring majority stakes in businesses. Tiny has two core business segments, Beam and Dribbble, with other standalone businesses including a private equity investment fund.

Executives

Andrew David Charles Wilkinson

10% Security Holder, Director, Senior Officer