INX Digital Co (NEOE:INXD) Receivables Turnover : 2.08 (As of Mar. 2024)

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What is INX Digital Co 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. INX Digital Co's Revenue for the three months ended in Mar. 2024 was C$2.34 Mil. INX Digital Co's average Accounts Receivable for the three months ended in Mar. 2024 was C$1.13 Mil. Hence, INX Digital Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.08.

INX Digital Co Receivables Turnover Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co Receivables Turnover Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.05

20.46

29.07

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									4.28	3.73	3.67	8.85	2.08

Competitive Comparison of INX Digital Co's Receivables Turnover

For the Software - Application subindustry, INX Digital Co'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.

INX Digital Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, INX Digital Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where INX Digital Co's Receivables Turnover falls into.

INX Digital Co Receivables Turnover Calculation

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

INX Digital Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	23.748	/ (	(0.687	+	0.947)	/	2 )
=	23.748	/	0.817
=	29.07

INX Digital Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.339	/ (	(0.947	+	1.305)	/	2 )
=	2.339	/	1.126
=	2.08

INX Digital Co (NEOE:INXD) 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.

INX Digital Co Receivables Turnover Related Terms

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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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