Interfield Global Software (NEOE:IFSS) Receivables Turnover : 0.79 (As of Sep. 2023)

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What is Interfield Global Software 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. Interfield Global Software's Revenue for the three months ended in Sep. 2023 was C$0.12 Mil. Interfield Global Software's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.15 Mil. Hence, Interfield Global Software's Receivables Turnover for the three months ended in Sep. 2023 was 0.79.

Interfield Global Software Receivables Turnover Historical Data

The historical data trend for Interfield Global Software'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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Interfield Global Software Receivables Turnover Chart

Interfield Global Software Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

4.69

2.99

1.84

Interfield Global Software Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial						0.63	-	0.40	0.11	0.79

Competitive Comparison of Interfield Global Software's Receivables Turnover

For the Software - Application subindustry, Interfield Global Software'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.

Interfield Global Software's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Interfield Global Software's Receivables Turnover falls into.

Interfield Global Software Receivables Turnover Calculation

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

Interfield Global Software's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0	/ (	(0.003	+	0.003)	/	2 )
=	0	/	0.003
=	N/A

Interfield Global Software's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.122	/ (	(0.151	+	0.157)	/	2 )
=	0.122	/	0.154
=	0.79

Interfield Global Software (NEOE:IFSS) 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.

Interfield Global Software Receivables Turnover Related Terms

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Interfield Global Software (NEOE:IFSS) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

The Yes Business Centre, Office 910, PO Box 78020, Al Barsha 1 Dubai, Dubai, ARE

Website

https://www.interfieldsolutions.com

Interfield Global Software Inc is a software company that services numerous industrial segments including oil and gas, mining, and renewables. It has two operating divisions, E-commerce and Software as a Service. The E-commerce division is an industrial equipment marketplace that connects buyers and suppliers around the globe. ToolSuite, the company's flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

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