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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. Green Block Mining's Revenue for the
three
months ended in Aug. 2021 was $0.74 Mil. Green Block Mining's average Accounts Receivable for the
three
months ended in Aug. 2021 was $0.59 Mil.
Hence, Green Block Mining's Receivables Turnover for the
three
months ended in Aug. 2021 was 1.24.
Green Block Mining (OTCPK:LGLOF) 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.
Green Block Mining Receivables Turnover Related Terms
Green Block Mining Receivables Turnover Historical Data
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The historical data trend for Green Block Mining'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.
LGLOF vs CRM, INTU, NOW: Receivables Turnover Comparison
For the Software - Application subindustry, Green Block Mining'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.
Green Block Mining Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Green Block Mining's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Green Block Mining'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.
Green Block Mining (LGLOF) has a Receivables Turnover of 1.24 as of Aug. 2021. 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 Green Block Mining and its competitors.
Is Green Block Mining's Receivables Turnover too high?
Green Block Mining's current Receivables Turnover is 1.24. The Software industry median Receivables Turnover is 6.03. Green Block Mining's value of 1.24 is 79.4% below this industry median.
How does Green Block Mining's Receivables Turnover compare to CRM and INTU?
Green Block Mining's Receivables Turnover of 1.24 can be compared against companies in the Software industry. The industry median Receivables Turnover is 6.03. Green Block Mining's value of 1.24 is 79.4% below 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 Software company?
The median Receivables Turnover among Software companies is 6.03, based on 2,787 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. Green Block Mining's current Receivables Turnover of 1.24 is 79.4% below 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 Green Block Mining and its competitors. For the Software industry, the median Receivables Turnover is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Block Mining's current Receivables Turnover is 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Block Mining stock overvalued right now?
Green Block Mining (LGLOF) has a current Receivables Turnover of 1.24. The current Receivables Turnover is 1.24 and 79.4% below the Software industry median of 6.03. 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 Green Block Mining (LGLOF), the current Receivables Turnover is 1.24 as of Aug. 2021. 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.
Green Block Mining Corp, formerly Link Global Technologies Inc is a innovative power and infrastructure solution provider for digital mining and data hosting operations. LINK maximizes the potential of today's technologies through power solutions. It builds and manages semi-portable, self-contained power solutions that can be rapidly deployed in virtually any environment. With the low-cost, energy-efficient and smart infrastructure company provides digital mining services to third parties.
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