What is Where Food Comes From 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. Where Food Comes From's Revenue for the
three
months ended in Mar. 2024 was $5.58 Mil. Where Food Comes From's average Accounts Receivable for the
three
months ended in Mar. 2024 was $2.10 Mil.
Hence, Where Food Comes From's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.66.
Where Food Comes From Receivables Turnover Historical Data
The historical data trend for Where Food Comes From'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.
Competitive Comparison of Where Food Comes From's Receivables Turnover
For the Software - Application subindustry, Where Food Comes From'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.
Where Food Comes From's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Where Food Comes From's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Where Food Comes From's Receivables Turnover falls into.
Where Food Comes From Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Where Food Comes From's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Where Food Comes From (NAS:WFCF) 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.
Where Food Comes From Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Where Food Comes From's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Where Food Comes From (Where Food Comes From) Business Description
Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting.
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