ZenaTech (NAS:ZENA) Receivables Turnover : 5.17 (As of Sep. 2022)

View and export this data going back to 2024. Start your Free Trial

What is ZenaTech 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. ZenaTech's Revenue for the three months ended in Sep. 2022 was C$0.74 Mil. ZenaTech's average Accounts Receivable for the three months ended in Sep. 2022 was C$0.14 Mil. Hence, ZenaTech's Receivables Turnover for the three months ended in Sep. 2022 was 5.17.

ZenaTech Receivables Turnover Historical Data

The historical data trend for ZenaTech'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.

ZenaTech Receivables Turnover Chart

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

1.46

3.39

15.97

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22
Receivables Turnover	Get a 7-Day Free Trial				0.36	-	3.89	5.83	5.17

Competitive Comparison of ZenaTech's Receivables Turnover

For the Software - Infrastructure subindustry, ZenaTech'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.

ZenaTech's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, ZenaTech's Receivables Turnover distribution charts can be found below:

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

ZenaTech Receivables Turnover Calculation

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

ZenaTech's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	3.514	/ (	(0.197	+	0.243)	/	2 )
=	3.514	/	0.22
=	15.97

ZenaTech's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.744	/ (	(0.243	+	0.045)	/	2 )
=	0.744	/	0.144
=	5.17

ZenaTech (NAS:ZENA) 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.

ZenaTech Receivables Turnover Related Terms

Thank you for viewing the detailed overview of ZenaTech's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ZenaTech (NAS:ZENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZenaTech Inc (NAS:ZENA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.

ZenaTech (NAS:ZENA) Headlines

No Headlines