TechFinancials (AQSE:TECH) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is TechFinancials 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. TechFinancials's Revenue for the six months ended in Jun. 2023 was £0.00 Mil. TechFinancials's average Accounts Receivable for the six months ended in Jun. 2023 was £0.00 Mil.

TechFinancials Receivables Turnover Historical Data

The historical data trend for TechFinancials'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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TechFinancials Receivables Turnover Chart

TechFinancials Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.13

3.39

1.69

TechFinancials Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of TechFinancials's Receivables Turnover

For the Asset Management subindustry, TechFinancials'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.

TechFinancials's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TechFinancials's Receivables Turnover distribution charts can be found below:

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

TechFinancials Receivables Turnover Calculation

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

TechFinancials'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	+	0)	/	1 )
=	0	/	0
=	N/A

TechFinancials's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

TechFinancials (AQSE:TECH) 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.

TechFinancials Receivables Turnover Related Terms

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TechFinancials (AQSE:TECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TechFinancials Inc (AQSE:TECH) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG1110

Website

https://www.techfinancials.com

TechFinancials Inc invests in technology related business, including artificial intelligence and machine learning and blockchain-based digitisation of assets. The Company's principle investment, RenewSenses using artificial intelligence, develops a wearable device to help people with visual impairment.