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Madison Technologies Inc   (MDEX)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 

Madison Technologies Inc Accounts Receivables Turnover Ratio from the first quarter 2023 to the first quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Madison Technologies Inc 's ability to collect accounts receivable sequentially worsen to 8.03, indicating more challenging environment then in the forth quarter 2022, but still, it is a far cry from any concerns. Madison Technologies Inc 's Average receivable collection period in the Mar 31 2023 quarter, has increased to 45 days, from 34 days, in the Dec 31 2022 quarter.

If we take a look into Retail sector 214 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2023 from 3423 to 4150.

What is Receivable Turnover Ratio?
What is Madison Technologies Inc Selling?


What is Receivable Turnover Ratio?




MDEX Receivables Turnover Ratio (Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
Y / Y Receivable Change - - - - -
Y / Y Revenue Change - - - 223248.82 % 226090 %
Receivable Turnover Ratio (TTM) 8.03 10.58 13.19 11.82 10.67
MDEX's Total Ranking # 4150 # 3423 # 0 # 0 #
Average receivable collection period 45 35 28 31 34
Seq. Receivable Change - - -21.14 % 6.75 % -25.98 %
Seq. Revenue Change - - 3.02 % -0.79 % 60.46 %


Receivable Turnover Company Ranking
Within: No.
Specialty Retail Industry # 48
Retail Sector # 215
Overall Market # 4150

Receivable Turnover Ratio Statistics
High Average Low
2.35 1.85 1.36
(Sep 30 2022)   (Dec 31 2022)






Financial Statements
Madison Technologies Inc 's Accounts Receivable $ 0 Millions Visit MDEX's Balance sheet
Madison Technologies Inc 's Sales TTM $ 0 Millions Visit MDEX's Income Statement
Where are MDEX's Sales coming from? Visit MDEX's Sales by Geography

Other Accounts Receivable Turnover Ratios
Specialty Retail Industry Accounts Receivable Turnover Trends and Statistics
Retail Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MDEX's Receivable Turnover Ratio versus Specialty Retail Industry, Retail Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for MDEX's Competitors
Receivables Turnover Ratio for MDEX's Suppliers
Accounts Receivables Turnover Ratio for MDEX's Customers

You may also want to know
MDEX's Growth Rates MDEX's Roa MDEX's Inventory Turnover Ratio MDEX's Dividend Comparisons
MDEX's Profitability Ratios MDEX's Roi MDEX's Asset Turnover Ratio MDEX's Dividend Growth
MDEX's Valuation Ratios MDEX's Roe MDEX's Financial Strength Ratios MDEX's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2023, within Retail Sector Receivable Turnover Ratio Revenues for 12 Months ending Mar 31 2023 Receivable at quarter ending Mar 31 2023

Date modified: 2024-03-29T09:33:44+00:00



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