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. IonQ's Revenue for the
three
months ended in Mar. 2024 was $7.58 Mil. IonQ's average Accounts Receivable for the
three
months ended in Mar. 2024 was $8.56 Mil.
Hence, IonQ's Receivables Turnover for the
three
months ended in Mar. 2024 was 0.89.
IonQ Receivables Turnover Historical Data
The historical data trend for IonQ'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 IonQ's Receivables Turnover
For the Computer Hardware subindustry, IonQ'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.
IonQ's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, IonQ's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where IonQ's Receivables Turnover falls into.
IonQ Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
IonQ'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.
IonQ (NYSE:IONQ) 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.
IonQ Receivables Turnover Related Terms
Thank you for viewing the detailed overview of IonQ's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
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