Binah Capital Group (Binah Capital Group) Receivables Turnover : 4.78 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Binah Capital Group 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. Binah Capital Group's Revenue for the six months ended in Mar. 2024 was $40.08 Mil. Binah Capital Group's average Accounts Receivable for the six months ended in Mar. 2024 was $8.39 Mil. Hence, Binah Capital Group's Receivables Turnover for the six months ended in Mar. 2024 was 4.78.

Binah Capital Group Receivables Turnover Historical Data

The historical data trend for Binah Capital Group'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.

* Premium members only.

Binah Capital Group Receivables Turnover Chart

Binah Capital Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

14.09

19.15

19.61

19.78

Binah Capital Group Semi-Annual Data
	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						5.15	4.87	5.07	4.79	4.78

Competitive Comparison of Binah Capital Group's Receivables Turnover

For the Asset Management subindustry, Binah Capital Group'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.

Binah Capital Group's Receivables Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where Binah Capital Group's Receivables Turnover falls into.

Binah Capital Group Receivables Turnover Calculation

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

Binah Capital Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	159.859	/ (	(7.944	+	8.22)	/	2 )
=	159.859	/	8.082
=	19.78

Binah Capital Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	40.08	/ (	(8.22	+	8.554)	/	2 )
=	40.08	/	8.387
=	4.78

Binah Capital Group (NAS:BCGWW) 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.

Binah Capital Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Binah Capital Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Binah Capital Group (Binah Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Binah Capital Group Inc (NAS:BCGWW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BCG:USA

Address

One Cowboys Way, Suite 490, Frisco, TX, USA, 75034

Website

https://www.wentworthms.com

Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.

Binah Capital Group (Binah Capital Group) Headlines

From GuruFocus

Binah Capital Group Celebrates Successful Completion of Public Listing with Opening Bell Ringing Ceremony at Nasdaq

By PRNewswire • 04-29-2024