Banxa Holdings (Banxa Holdings) Receivables Turnover : 8.85 (As of Dec. 2023)

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What is Banxa 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. Banxa Holdings's Revenue for the three months ended in Dec. 2023 was $51.1 Mil. Banxa Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $5.8 Mil. Hence, Banxa Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 8.85.

Banxa Holdings Receivables Turnover Historical Data

The historical data trend for Banxa 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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Banxa Holdings Receivables Turnover Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

9.52

15.40

15.44

29.35

Banxa Holdings Quarterly Data
	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												4.29	3.62	4.69	16.07	8.85

Competitive Comparison of Banxa Holdings's Receivables Turnover

For the Information Technology Services subindustry, Banxa 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.

Banxa Holdings's Receivables Turnover Distribution in the Software Industry

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

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

Banxa Holdings Receivables Turnover Calculation

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

Banxa 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 )
=	53.928	/ (	(1.453	+	2.222)	/	2 )
=	53.928	/	1.8375
=	29.35

Banxa Holdings'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 )
=	51.088	/ (	(4.62	+	6.927)	/	2 )
=	51.088	/	5.7735
=	8.85

Banxa Holdings (OTCPK:BNXAF) 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.

Banxa Holdings Receivables Turnover Related Terms

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Banxa Holdings (Banxa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (OTCPK:BNXAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AC00:Germany BNXA:Canada

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.