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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. MarketAxess Holdings's Revenue for the
three
months ended in Mar. 2026 was MXN4,208 Mil. MarketAxess Holdings's average Accounts Receivable for the
three
months ended in Mar. 2026 was MXN2,065 Mil.
Hence, MarketAxess Holdings's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.04.
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.
MarketAxess Holdings Receivables Turnover Related Terms
MarketAxess Holdings Receivables Turnover Historical Data
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The historical data trend for MarketAxess 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.
MEX:MKTX vs MIAX, GLXY, LAZ: Receivables Turnover Comparison
For the Capital Markets subindustry, MarketAxess 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.
MarketAxess Holdings Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings'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.
MarketAxess Holdings (MEX:MKTX) has a Receivables Turnover of 2.04 as of Mar. 2026. 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 MarketAxess Holdings and its competitors. According to the industry distribution chart, MarketAxess Holdings ranks #279 out of 577 companies in the Capital Markets industry, placing it in the top 48.4%.
Is MarketAxess Holdings' Receivables Turnover too high?
MarketAxess Holdings' current Receivables Turnover is 2.04. The Capital Markets industry median Receivables Turnover is 6.76. MarketAxess Holdings' value of 2.04 is 69.8% below this industry median. Based on the distribution chart, MarketAxess Holdings ranks #279 out of 577 companies in the Capital Markets industry, which is above the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Receivables Turnover compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #279 out of 577 companies for Receivables Turnover. This puts MarketAxess Holdings in the upper half of its industry. The industry median Receivables Turnover is 6.76. MarketAxess Holdings' value of 2.04 is 69.8% 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 Capital Markets company?
The median Receivables Turnover among Capital Markets companies is 6.76, based on 577 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. MarketAxess Holdings's current Receivables Turnover of 2.04 is 69.8% 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 MarketAxess Holdings and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current Receivables Turnover is 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarketAxess Holdings stock overvalued right now?
MarketAxess Holdings (MEX:MKTX) has a current Receivables Turnover of 2.04. The stock's GF Value™ is MXN4,322.32, compared to a current price of MXN2,756.00 — trading 36.2% below its estimated fair value. The current Receivables Turnover is 2.04 and 69.8% below the Capital Markets industry median of 6.76. MarketAxess Holdings' overall GF Score™ is 71/100 with 5 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 MarketAxess Holdings (MEX:MKTX), the current Receivables Turnover is 2.04 as of Mar. 2026. 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 MarketAxess Holdings (MEX:MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of MXN2,756.00 is trading 36.2% below its estimated GF Value™ of MXN4,322.32.
Key valuation signals for MEX:MKTX:
Receivables Turnover: 2.04
GF Value™: MXN4,322.32 vs. price of MXN2,756.00 (36.2% below fair value)
Industry Position: 69.8% below the Capital Markets median (#279 of 577)
No single metric tells the full story. See the MEX:MKTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
71GF Score
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