BLQC (BlockQuarry) Receivables Turnover : 19.54 (As of Dec. 2022)

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What is BlockQuarry 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. BlockQuarry's Revenue for the six months ended in Dec. 2022 was $5.37 Mil. BlockQuarry's average Accounts Receivable for the six months ended in Dec. 2022 was $0.28 Mil. Hence, BlockQuarry's Receivables Turnover for the six months ended in Dec. 2022 was 19.54.

BlockQuarry Receivables Turnover Historical Data

The historical data trend for BlockQuarry'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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BlockQuarry Receivables Turnover Chart

BlockQuarry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Receivables Turnover

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3.00

4.38

1.00

33.10

19.54

BlockQuarry Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial			3.00	4.38	1.00	33.10	19.54

Competitive Comparison of BlockQuarry's Receivables Turnover

For the Capital Markets subindustry, BlockQuarry'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.

BlockQuarry's Receivables Turnover Distribution in the Capital Markets Industry

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

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

BlockQuarry Receivables Turnover Calculation

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

BlockQuarry'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 )
=	5.374	/ (	(0	+	0.275)	/	1 )
=	5.374	/	0.275
=	19.54

BlockQuarry'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 )
=	5.374	/ (	(0	+	0.275)	/	1 )
=	5.374	/	0.275
=	19.54

BlockQuarry (OTCPK:BLQC) 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.

BlockQuarry Receivables Turnover Related Terms

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BlockQuarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BlockQuarry Corp (OTCPK:BLQC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

700 Louisiana Street, Suite 3950, Houston, TX, USA, 77002

Website

https://www.blockquarry.io

BlockQuarry Corp operates in the cryptocurrency mining industry. The cryptocurrency mining and mining equipment segment is focused on capitalizing on the Bitcoin ecosystem and its surrounding associated growth opportunities through proof-of-work mining. It also produced and sold premium liquor beverages and sold cannabinoid products.