GXXM (GEX Management) Receivables Turnover : 0.76 (As of Dec. 2023)

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What is GEX Management 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. GEX Management's Revenue for the three months ended in Dec. 2023 was $0.37 Mil. GEX Management's average Accounts Receivable for the three months ended in Dec. 2023 was $0.48 Mil. Hence, GEX Management's Receivables Turnover for the three months ended in Dec. 2023 was 0.76.

GEX Management Receivables Turnover Historical Data

The historical data trend for GEX Management'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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GEX Management Receivables Turnover Chart

GEX Management Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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30.88

6.89

6.77

8.00

4.76

GEX Management 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															2.03	1.39	1.44	1.41	0.76

Competitive Comparison of GEX Management's Receivables Turnover

For the Staffing & Employment Services subindustry, GEX Management'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.

GEX Management's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GEX Management's Receivables Turnover distribution charts can be found below:

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

GEX Management Receivables Turnover Calculation

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

GEX Management's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2.096	/ (	(0.4	+	0.481)	/	2 )
=	2.096	/	0.4405
=	4.76

GEX Management'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 )
=	0.367	/ (	(0.48	+	0.481)	/	2 )
=	0.367	/	0.4805
=	0.76

GEX Management (OTCPK:GXXM) 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.

GEX Management Receivables Turnover Related Terms

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GEX Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GEX Management Inc (OTCPK:GXXM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3662 West Camp Wisdom Road, Dallas, TX, USA, 75237

Website

https://www.gexmanagement.com

GEX Management Inc is engaged in the business of providing business management and human resources solutions for small to midsize businesses. The company also provides staffing and back-office services to a wide variety of industries, and it earns revenue from its management consulting services.

Executives

Srikumar Vanamali	director, 10 percent owner, officer: Interim CEO & Exec Director	12001 N CENTRAL EXPY, #825, DALLAS TX 75243
Shaheed Bailey	director, 10 percent owner, officer: Interim Chief Invstmt Officer	39 F BROOKSIDE DRIVE, CLIFTON NJ 07054
Clayton Carter	director, 10 percent owner, officer: Chief Financial Officer	325 N. ST. PAUL STREET, SUITE 1350, DALLAS TX 75201
Chelsea Christopherson	director, 10 percent owner, officer: Chief Operating Officer	10931 STONE CANYON ROAD, APT 229, DALLAS TX 75243
Carl Dorvil	director, 10 percent owner, officer: Chariman of the Board & CEO	1411 NEWCASTLE, ROCKWALL TX 75032