GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Riot Platforms Inc (MEX:RIOT) » Definitions » Receivables Turnover

Riot Platforms (MEX:RIOT) Receivables Turnover : 6.84 (As of Mar. 2025)


View and export this data going back to 2021. Start your Free Trial

What is Riot Platforms 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. Riot Platforms's Revenue for the three months ended in Mar. 2025 was MXN3,302 Mil. Riot Platforms's average Accounts Receivable for the three months ended in Mar. 2025 was MXN483 Mil. Hence, Riot Platforms's Receivables Turnover for the three months ended in Mar. 2025 was 6.84.


Riot Platforms Receivables Turnover Historical Data

The historical data trend for Riot Platforms'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.

* Premium members only.

Riot Platforms Receivables Turnover Chart

Riot Platforms Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.85 12.02 10.09 15.95

Riot Platforms Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.02 5.28 6.04 6.85 6.84

Competitive Comparison of Riot Platforms's Receivables Turnover

For the Capital Markets subindustry, Riot Platforms'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.


Riot Platforms's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Riot Platforms's Receivables Turnover falls into.


;
;

Riot Platforms Receivables Turnover Calculation

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

Riot Platforms's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=7855.466 / ((419.366 + 565.69) / 2 )
=7855.466 / 492.528
=15.95

Riot Platforms's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=3301.688 / ((565.69 + 399.426) / 2 )
=3301.688 / 482.558
=6.84

* 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.


Riot Platforms  (MEX:RIOT) 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.


Riot Platforms Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Riot Platforms's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Riot Platforms Business Description

Traded in Other Exchanges
Address
3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.