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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. Bit Brother's Revenue for the
six
months ended in Jun. 2023 was $2.25 Mil. Bit Brother's average Accounts Receivable for the
six
months ended in Jun. 2023 was $0.01 Mil.
Hence, Bit Brother's Receivables Turnover for the
six
months ended in Jun. 2023 was 250.00.
Bit Brother (OTCPK:BETSF) 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.
Bit Brother Receivables Turnover Related Terms
Bit Brother Receivables Turnover Historical Data
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The historical data trend for Bit Brother'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.
BETSF vs BTCS, MIGI, ATIF: Receivables Turnover Comparison
For the Capital Markets subindustry, Bit Brother'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.
Bit Brother Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bit Brother's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Bit Brother's Receivables Turnover falls into.
* 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.
Bit Brother (BETSF) has a Receivables Turnover of 250.00 as of Jun. 2023. The accounts 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. View historical data on Bit Brother and its competitors.
Is Bit Brother's Receivables Turnover too high?
Bit Brother's current Receivables Turnover is 250.00. The Capital Markets industry median Receivables Turnover is 6.85. Bit Brother's value of 250.00 is 3549.6% above this industry median. Overall, Bit Brother has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Bit Brother's Receivables Turnover compare to BTCS and MIGI?
Bit Brother's Receivables Turnover of 250.00 can be compared against companies in the Capital Markets industry. The industry median Receivables Turnover is 6.85. Bit Brother's value of 250.00 is 3549.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Capital Markets company?
The median Receivables Turnover among Capital Markets companies is 6.85, based on 579 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bit Brother's current Receivables Turnover of 250.00 is 3549.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Bit Brother and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Brother's current Receivables Turnover is 250.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Brother stock overvalued right now?
Bit Brother (BETSF) has a current Receivables Turnover of 250.00. The current Receivables Turnover is 250.00 and 3549.6% above the Capital Markets industry median of 6.85. Bit Brother's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Bit Brother (BETSF), the current Receivables Turnover is 250.00 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.
16GF Score
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