WM Technology (WM Technology) Receivables Turnover : 4.66 (As of Mar. 2024)

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What is WM Technology 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. WM Technology's Revenue for the three months ended in Mar. 2024 was $44.4 Mil. WM Technology's average Accounts Receivable for the three months ended in Mar. 2024 was $9.5 Mil. Hence, WM Technology's Receivables Turnover for the three months ended in Mar. 2024 was 4.66.

WM Technology Receivables Turnover Historical Data

The historical data trend for WM Technology'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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WM Technology Receivables Turnover Chart

WM Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

17.16

14.32

12.32

13.15

WM Technology Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												2.83	3.35	3.50	3.53	4.66

Competitive Comparison of WM Technology's Receivables Turnover

For the Software - Application subindustry, WM Technology'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.

WM Technology's Receivables Turnover Distribution in the Software Industry

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

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

WM Technology Receivables Turnover Calculation

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

WM Technology'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 )
=	187.993	/ (	(17.438	+	11.158)	/	2 )
=	187.993	/	14.298
=	13.15

WM Technology'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 )
=	44.389	/ (	(11.158	+	7.893)	/	2 )
=	44.389	/	9.5255
=	4.66

WM Technology (NAS:MAPS) 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.

WM Technology Receivables Turnover Related Terms

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WM Technology (WM Technology) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

833:Germany

Address

41 Discovery, Irvine, CA, USA, 92618

Website

https://www.weedmaps.com

WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.

Executives

Duncan Grazier	officer: Chief Technology Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire	officer: General Counsel	41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez	director	41 DISCOVERY, IRVINE CA 92618
Anthony Bay	director
Brenda Freeman	director	C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan	director	41 DISCOVERY, IRVINE CA 92618
Scott Gordon	director, officer: CEO and Chairman	1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn	officer: Chief Marketing Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt	officer: Interim CFO	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee	officer: Chief Financial Officer	41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio	officer: Chief Marketing Officer	41 DISCOVERY, IRVINE CA 92618
Justin Dean	officer: CTO and CIO	41 DISCOVERY, IRVINE CA 92618
Christopher Beals	director, officer: Chief Executive Officer	41 DISCOVERY, IRVINE CA 92618
Justin Hartfield	director, 10 percent owner	2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis	director, 10 percent owner	49 DISCOVERY, STE 200, IRVINE CA 92618