BlockchainK2 (BlockchainK2) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is BlockchainK2 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. BlockchainK2's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. BlockchainK2's average Accounts Receivable for the three months ended in Dec. 2023 was $0.00 Mil.

BlockchainK2 Receivables Turnover Historical Data

The historical data trend for BlockchainK2'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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BlockchainK2 Receivables Turnover Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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10.80

15.17

11.00

16.00

BlockchainK2 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															10.00	3.50	1.71	0.33	-

Competitive Comparison of BlockchainK2's Receivables Turnover

For the Software - Infrastructure subindustry, BlockchainK2'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.

BlockchainK2's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, BlockchainK2's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BlockchainK2's Receivables Turnover falls into.

BlockchainK2 Receivables Turnover Calculation

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

BlockchainK2's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.024	/ (	(0.001	+	0.002)	/	2 )
=	0.024	/	0.0015
=	16.00

BlockchainK2's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.002	+	0.002)	/	2 )
=	0	/	0.002
=	N/A

BlockchainK2 (OTCPK:BIDCF) 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.

BlockchainK2 Receivables Turnover Related Terms

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BlockchainK2 (BlockchainK2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (OTCPK:BIDCF) » Definitions » Receivables Turnover

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KRL2:Germany BITK:Canada

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.blockchaink2.com

BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.