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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. Remitly Global's Revenue for the
three
months ended in Jun. 2026 was MXN8,640 Mil. Remitly Global's average Accounts Receivable for the
three
months ended in Jun. 2026 was MXN5,476 Mil.
Hence, Remitly Global's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.58.
Remitly Global (MEX:RELY) 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.
Remitly Global Receivables Turnover Related Terms
Remitly Global Receivables Turnover Historical Data
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The historical data trend for Remitly Global'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:RELY vs ZETA, NTSK, QLYS: Receivables Turnover Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Remitly Global's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Remitly Global'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.
Remitly Global (MEX:RELY) has a Receivables Turnover of 1.58 as of Jun. 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 Remitly Global and its competitors. According to the industry distribution chart, Remitly Global ranks #1342 out of 2781 companies in the Software industry, placing it in the top 48.3%.
Is Remitly Global's Receivables Turnover too high?
Remitly Global's current Receivables Turnover is 1.58. The Software industry median Receivables Turnover is 5.95. Remitly Global's value of 1.58 is 73.4% below this industry median. Based on the distribution chart, Remitly Global ranks #1342 out of 2781 companies in the Software industry, which is above the industry midpoint. Overall, Remitly Global has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Receivables Turnover compare to ZETA and NTSK?
According to the Software industry distribution chart, Remitly Global ranks #1342 out of 2781 companies for Receivables Turnover. This puts Remitly Global in the upper half of its industry. The industry median Receivables Turnover is 5.95. Remitly Global's value of 1.58 is 73.4% 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 5.95, based on 2,781 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. Remitly Global's current Receivables Turnover of 1.58 is 73.4% 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 Remitly Global and its competitors. For the Software industry, the median Receivables Turnover is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Remitly Global's current Receivables Turnover is 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Fairly Valued. The stock's GF Value™ is MXN432.81, compared to a current price of MXN420.00 — trading 3% below its estimated fair value. The current Receivables Turnover is 1.58 and 73.4% below the Software industry median of 5.95. Remitly Global's overall GF Score™ is 53/100 with 6 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 Remitly Global (MEX:RELY), the current Receivables Turnover is 1.58 as of Jun. 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 Remitly Global (MEX:RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of MXN420.00 is trading 3% below its estimated GF Value™ of MXN432.81.
GuruFocus considers Remitly Global to be Fairly Valued.
Key valuation signals for MEX:RELY:
Receivables Turnover: 1.58
GF Value™: MXN432.81 vs. price of MXN420.00 (3% below fair value)
Industry Position: 73.4% below the Software median (#1342 of 2781)
No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
53GF Score
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