Luxxfolio Holdings (Luxxfolio Holdings) Receivables Turnover : 0.00 (As of Feb. 2024)

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What is Luxxfolio 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. Luxxfolio Holdings's Revenue for the three months ended in Feb. 2024 was $0.00 Mil. Luxxfolio Holdings's average Accounts Receivable for the three months ended in Feb. 2024 was $0.01 Mil.

Luxxfolio Holdings Receivables Turnover Historical Data

The historical data trend for Luxxfolio 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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Luxxfolio Holdings Receivables Turnover Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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18.42

101.97

10.86

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Luxxfolio Holdings's Receivables Turnover

For the Capital Markets subindustry, Luxxfolio 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.

Luxxfolio Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Luxxfolio Holdings's Receivables Turnover distribution charts can be found below:

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

Luxxfolio Holdings Receivables Turnover Calculation

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

Luxxfolio Holdings's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	0.793	/ (	(0.139	+	0.007)	/	2 )
=	0.793	/	0.073
=	10.86

Luxxfolio Holdings's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0	/ (	(0.007	+	0.008)	/	2 )
=	0	/	0.0075
=	N/A

Luxxfolio Holdings (OTCPK:LUXFF) 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.

Luxxfolio Holdings Receivables Turnover Related Terms

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Luxxfolio Holdings (Luxxfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (OTCPK:LUXFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LUH:Germany LUXX:Canada

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.