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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. Eqonex's Revenue for the
six
months ended in Mar. 2022 was €1.55 Mil. Eqonex's average Accounts Receivable for the
six
months ended in Mar. 2022 was €0.05 Mil.
Hence, Eqonex's Receivables Turnover for the
six
months ended in Mar. 2022 was 33.42.
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.
Eqonex Receivables Turnover Related Terms
Eqonex Receivables Turnover Historical Data
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The historical data trend for Eqonex'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.
HAM:616A vs SIEB, LGHL, HGBL: Receivables Turnover Comparison
For the Capital Markets subindustry, Eqonex'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.
Eqonex Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Eqonex's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Eqonex'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.
Eqonex (HAM:616A) has a Receivables Turnover of 33.42 as of Mar. 2022. 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 Eqonex and its competitors.
Is Eqonex's Receivables Turnover too high?
Eqonex's current Receivables Turnover is 33.42. The Capital Markets industry median Receivables Turnover is 6.67. Eqonex's value of 33.42 is 401% above this industry median. Overall, Eqonex has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Eqonex's Receivables Turnover compare to SIEB and LGHL?
Eqonex's Receivables Turnover of 33.42 can be compared against companies in the Capital Markets industry. The industry median Receivables Turnover is 6.67. Eqonex's value of 33.42 is 401% 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 6.67, based on 573 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. Eqonex's current Receivables Turnover of 33.42 is 401% 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 Eqonex and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eqonex's current Receivables Turnover is 33.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eqonex stock overvalued right now?
Eqonex (HAM:616A) has a current Receivables Turnover of 33.42. The current Receivables Turnover is 33.42 and 401% above the Capital Markets industry median of 6.67. Eqonex's overall GF Score™ is 14/100. 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 Eqonex (HAM:616A), the current Receivables Turnover is 33.42 as of Mar. 2022. 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.
Eqonex Ltd is a technology driven digital assets financial services group that provides institutional grade infrastructure and a full suite of trading, custody and asset management solutions to clients. The group's digital assets ecosystem has been designed to accommodate the needs of institutions and individuals with the same degree of regulatory oversight and security that are accustomed to in traditional financial markets. EQONEX's ecosystem encompasses EQONEX Exchange, a digital asset exchange; Digivault, a FCA accredited hot and cold digital assets custodian and Bletchley Park Asset Management, a fund of crypto-hedge funds.
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