Flexpoint Sensor Systems Inc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 5.68, above the company average. This is a clear sign of healthy business climate in the Scientific & Technical Instruments industry and improving liquidity at their respective customers, during the third quarter 2024. Average receivable collection period, for the Flexpoint Sensor Systems Inc in Sep 30 2024 quarter, has decreased to 64 days, compared to 80 days, in the Jun 30 2024 quarter.

If we take a look into Technology sector 579 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 3608 to 3622.

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What is Flexpoint Sensor Systems Inc Selling?

What is Receivable Turnover Ratio?

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FLXT Receivables Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Receivable Change	42.94 %	181.6 %	120.51 %	29.74 %	59.55 %
Y / Y Revenue Change	323.16 %	91.83 %	-9.86 %	4.14 %	-79.88 %
Receivable Turnover Ratio (TTM)	5.68	4.59	4.57	6.42	6.74
FLXT's Total Ranking	# 3622	# 3608	# 3962	#	#
Accounts Receivable average collection period days	64	79	80	57	54
Seq. Receivable Change	-43.4 %	-17.25 %	160.53 %	17.14 %	11.5 %
Seq. Revenue Change	-10.64 %	168.82 %	-42.43 %	205.97 %	-59.49 %

Receivable Turnover Company Ranking
Within:	No.
Scientific & Technical Instruments Industry	# 16
Technology Sector	# 580
Overall Market	# 3622

Receivable Turnover Ratio Statistics
High	Average	Low
0.16	0.05	0.02
(Dec 31 2019)		(Sep 30 2023)

FLXT Company Profile • Back to FLXT Efficiency Comparisons • Compare FLXT Receivables Turnover Ratio to its Competitors

Financial Statements
Flexpoint Sensor Systems Inc's Accounts Receivable	$ 0 Millions	Visit FLXT's Balance sheet
Flexpoint Sensor Systems Inc's Sales TTM	$ 0 Millions	Visit FLXT's Income Statement
Sources of FLXT's Revenues		Visit FLXT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Scientific & Technical Instruments Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
FLXT's Receivable Turnover Ratio versus Scientific & Technical Instruments Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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FLXT's Profitability Ratios	FLXT's Roi	FLXT's Asset Turnover Ratio	FLXT's Dividend Growth
FLXT's Valuation Ratios	FLXT's Roe	FLXT's Financial Strength Ratios	FLXT's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Taoweave Inc	21.94	$ 2.759 Millions	$ 0.126 Millions
Global Mofy Metaverse Limited	21.67	$ 41.361 Millions	$ 1.909 Millions
Weave Communications Inc	21.47	$ 195.460 Millions	$ 9.105 Millions
Cargurus Inc	21.05	$ 887.008 Millions	$ 42.140 Millions
Wm Technology Inc	21.00	$ 178.253 Millions	$ 8.490 Millions
My Size Inc	20.70	$ 8.678 Millions	$ 0.419 Millions
Skillz Inc	20.69	$ 106.197 Millions	$ 5.133 Millions
Porch Group Inc	20.59	$ 452.099 Millions	$ 21.961 Millions
Upay Inc	20.50	$ 1.123 Millions	$ 0.055 Millions
Heartcore Enterprises Inc	19.89	$ 54.711 Millions	$ 2.750 Millions
Sonos Inc	19.37	$ 1,517.373 Millions	$ 78.351 Millions
Qxo Inc	19.36	$ 56.839 Millions	$ 2.936 Millions
Servicetitan Inc	19.31	$ 198.945 Millions	$ 10.305 Millions
Plum Acquisition Corp I	18.95	$ 0.651 Millions	$ 0.034 Millions
Ziprecruiter Inc	18.86	$ 498.157 Millions	$ 26.411 Millions
Versus Systems Inc	18.78	$ 0.193 Millions	$ 0.010 Millions
Leafly Holdings Inc	18.69	$ 35.868 Millions	$ 1.919 Millions
Apptech Payments Corp	18.48	$ 0.365 Millions	$ 0.020 Millions
Moving Image Technologies Inc	17.78	$ 18.236 Millions	$ 1.026 Millions
Satellogic Inc	17.76	$ 19.720 Millions	$ 1.110 Millions
Tucows Inc	17.62	$ 355.766 Millions	$ 20.191 Millions
Icoreconnect Inc	17.14	$ 11.049 Millions	$ 0.645 Millions
Electronic Systems Technology Inc	16.94	$ 1.295 Millions	$ 0.076 Millions
Soundthinking Inc	16.80	$ 103.222 Millions	$ 6.144 Millions
Intel Corporation	16.72	$ 54,247.000 Millions	$ 3,244.250 Millions
Zw Data Action Technologies Inc	16.68	$ 17.723 Millions	$ 1.062 Millions
Vimeo Inc	16.40	$ 417.791 Millions	$ 25.470 Millions
Powerdyne International Inc	15.99	$ 1.218 Millions	$ 0.076 Millions
Playtika Holding Corp	15.30	$ 2,536.900 Millions	$ 165.775 Millions
Verifyme Inc	15.24	$ 25.259 Millions	$ 1.657 Millions

Date modified: 2025-05-03T06:54:53+00:00

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