MarketAxess Holdings (BSP:M1KT34) Receivables Turnover : 2.23 (As of Mar. 2024)

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What is MarketAxess Holdings 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. MarketAxess Holdings's Revenue for the three months ended in Mar. 2024 was R$1,047 Mil. MarketAxess Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was R$469 Mil. Hence, MarketAxess Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 2.23.

MarketAxess Holdings Receivables Turnover Historical Data

The historical data trend for MarketAxess Holdings'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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MarketAxess Holdings Receivables Turnover Chart

MarketAxess Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.78

10.68

10.26

9.75

8.66

MarketAxess Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.27	1.79	1.89	2.18	2.23

Competitive Comparison of MarketAxess Holdings's Receivables Turnover

For the Capital Markets subindustry, MarketAxess Holdings'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.

MarketAxess Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Receivables Turnover distribution charts can be found below:

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

MarketAxess Holdings Receivables Turnover Calculation

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

MarketAxess Holdings'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 )
=	3687.33	/ (	(411.502	+	440.193)	/	2 )
=	3687.33	/	425.8475
=	8.66

MarketAxess Holdings'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 )
=	1047.342	/ (	(440.193	+	497.372)	/	2 )
=	1047.342	/	468.7825
=	2.23

MarketAxess Holdings (BSP:M1KT34) 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.

MarketAxess Holdings Receivables Turnover Related Terms

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MarketAxess Holdings (BSP:M1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MarketAxess Holdings Inc (BSP:M1KT34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MKTX:USA MWI:Germany

Address

55 Hudson Yards, 15th Floor, New York, NY, USA, 10001

Website

https://www.marketaxess.com

Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.

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