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. Presto Automation's Revenue for the
three
months ended in Mar. 2024 was $4.45 Mil. Presto Automation's average Accounts Receivable for the
three
months ended in Mar. 2024 was $1.52 Mil.
Hence, Presto Automation's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.93.
Presto Automation Receivables Turnover Historical Data
The historical data trend for Presto Automation'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 Presto Automation's Receivables Turnover
For the Software - Application subindustry, Presto Automation'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.
Presto Automation's Receivables Turnover Distribution in the Software Industry
For the Software industry and Technology sector, Presto Automation's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Presto Automation's Receivables Turnover falls into.
* 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.
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.
Presto Automation Receivables Turnover Related Terms
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Presto Automation (Presto Automation) Business Description
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.
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