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ATCH (AtlasClear Holdings) Receivables Turnover : 5.64 (As of Sep. 2024)


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What is AtlasClear 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. AtlasClear Holdings's Revenue for the three months ended in Sep. 2024 was $2.80 Mil. AtlasClear Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was $0.50 Mil. Hence, AtlasClear Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 5.64.

AtlasClear Holdings Receivables Turnover Historical Data

The historical data trend for AtlasClear 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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AtlasClear Holdings Receivables Turnover Chart

AtlasClear Holdings Annual Data
Trend Jun22 Jun23
Receivables Turnover
11.37 13.30

AtlasClear Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only - - 1.85 3.61 5.64

Competitive Comparison of AtlasClear Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, AtlasClear 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.

AtlasClear Holdings's Receivables Turnover Distribution in the Software Industry

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

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


AtlasClear Holdings Receivables Turnover Calculation

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

AtlasClear Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=9.089 / ((1.171 + 0.196) / 2 )
=9.089 / 0.6835
=13.30

AtlasClear Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=2.804 / ((0.824 + 0.171) / 2 )
=2.804 / 0.4975
=5.64

* 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.

AtlasClear Holdings  (AMEX:ATCH) 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.

AtlasClear Holdings Receivables Turnover Related Terms

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AtlasClear Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » AtlasClear Holdings Inc (AMEX:ATCH) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
4030 Henderson Boulevard, Suite 712, Tampa, FL, USA, 33629
Website
https://www.atlasclear.com
AtlasClear Holdings Inc is a fintech company. Its goal is to build a cutting-edge technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement, and banking of evolving and innovative financial products with a focus on financial services firms. It is a fintech-driven business-to-business platform that expects to power innovation in fintech, investing, and trading. The company believes it is positioned to provide a modern, mission-critical suite of solutions to its clients, enabling them to reduce their transaction costs and compete more effectively in their businesses.