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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. Norwegian Block Exchange AS's Revenue for the
six
months ended in Dec. 2025 was €0.78 Mil. Norwegian Block Exchange AS's average Accounts Receivable for the
six
months ended in Dec. 2025 was €0.02 Mil.
Hence, Norwegian Block Exchange AS's Receivables Turnover for the
six
months ended in Dec. 2025 was 37.29.
Norwegian Block Exchange AS (FRA:9Q3) 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.
Norwegian Block Exchange AS Receivables Turnover Related Terms
Norwegian Block Exchange AS Receivables Turnover Historical Data
* 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.
Norwegian Block Exchange AS Receivables Turnover Chart
FRA:9Q3 vs MS, GS, SCHW: Receivables Turnover Comparison
For the Capital Markets subindustry, Norwegian Block Exchange AS'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.
Norwegian Block Exchange AS Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Norwegian Block Exchange AS'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.
Norwegian Block Exchange AS (FRA:9Q3) has a Receivables Turnover of 37.29 as of Dec. 2025. 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 Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #112 out of 575 companies in the Capital Markets industry, placing it in the top 19.5%.
Is Norwegian Block Exchange AS's Receivables Turnover too high?
Norwegian Block Exchange AS's current Receivables Turnover is 37.29. The Capital Markets industry median Receivables Turnover is 6.71. Norwegian Block Exchange AS's value of 37.29 is 455.7% above this industry median. Based on the distribution chart, Norwegian Block Exchange AS ranks #112 out of 575 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Norwegian Block Exchange AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's Receivables Turnover compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #112 out of 575 companies for Receivables Turnover. This places Norwegian Block Exchange AS in the top 20% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.71. Norwegian Block Exchange AS's value of 37.29 is 455.7% 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 6.71, based on 575 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. Norwegian Block Exchange AS's current Receivables Turnover of 37.29 is 455.7% 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 Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current Receivables Turnover is 37.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Block Exchange AS stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Block Exchange AS (FRA:9Q3) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.03, compared to a current price of €0.04 — trading 35% above its estimated fair value. The current Receivables Turnover is 37.29 and 455.7% above the Capital Markets industry median of 6.71. Norwegian Block Exchange AS's overall GF Score™ is 53/100 with 4 warning signs to review. 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 Norwegian Block Exchange AS (FRA:9Q3), the current Receivables Turnover is 37.29 as of Dec. 2025. 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.
Is Norwegian Block Exchange AS (FRA:9Q3) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be overvalued.
The current stock price of €0.04 is trading 35% above its estimated GF Value™ of €0.03.
GuruFocus considers Norwegian Block Exchange AS to be Significantly Overvalued.
Key valuation signals for FRA:9Q3:
Receivables Turnover: 37.29
GF Value™: €0.03 vs. price of €0.04 (35% above fair value)
Industry Position: 455.7% above the Capital Markets median (#112 of 575)
No single metric tells the full story. See the FRA:9Q3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Block Exchange AS is a financial services company that specializes in developing digital asset-based products. It is a cryptocurrency exchange serving the Nordic market, offering secure trading of digital assets, tokenization, custody solutions, and blockchain technology services for retail and institutional clients. NBX provides a compliant trading environment with robust security measures and transparent operations. The company has also issued a credit card with BTC cashback.
53GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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