mF International (mF International) Receivables Turnover : 38.52 (As of Dec. 2022)

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What is mF International 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. mF International's Revenue for the six months ended in Dec. 2022 was $4.49 Mil. mF International's average Accounts Receivable for the six months ended in Dec. 2022 was $0.12 Mil. Hence, mF International's Receivables Turnover for the six months ended in Dec. 2022 was 38.52.

mF International Receivables Turnover Historical Data

The historical data trend for mF International'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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mF International Receivables Turnover Chart

mF International Annual Data

Trend

Dec21

Dec22

Receivables Turnover

47.47

38.52

mF International Semi-Annual Data
	Dec21	Dec22
Receivables Turnover	47.47	38.52

Competitive Comparison of mF International's Receivables Turnover

For the Software - Application subindustry, mF International'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.

mF International's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, mF International's Receivables Turnover distribution charts can be found below:

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

mF International Receivables Turnover Calculation

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

mF International'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 )
=	4.487	/ (	(0.087	+	0.146)	/	2 )
=	4.487	/	0.1165
=	38.52

mF International's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	4.487	/ (	(0.087	+	0.146)	/	2 )
=	4.487	/	0.1165
=	38.52

mF International (NAS:MFI) 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.

mF International Receivables Turnover Related Terms

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mF International (mF International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » mF International Ltd (NAS:MFI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, Unit 1801, Fortis Tower, Wan Chai, Hong Kong, HKG

Website

https://www.m-finance.com

mF International Ltd is a holding company and all of its operations are carried out by Operating Subsidiaries in Hong Kong. It is a financial trading solution provider principally engaged in the development and provision of financial trading solutions. It has approximately 20 years of experience in providing real-time mission-critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients via internet or platform as software as a service. The company has provided a wide range of top-notch services, including mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform Broker Plus Solution, Social Trading Applications and others.

mF International (mF International) Headlines

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