OTCM (OTC Markets Group) Receivables Turnover : 3.56 (As of Sep. 2024)

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What is OTC Markets Group 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. OTC Markets Group's Revenue for the three months ended in Sep. 2024 was $27.4 Mil. OTC Markets Group's average Accounts Receivable for the three months ended in Sep. 2024 was $7.7 Mil. Hence, OTC Markets Group's Receivables Turnover for the three months ended in Sep. 2024 was 3.56.

OTC Markets Group Receivables Turnover Historical Data

The historical data trend for OTC Markets Group'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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OTC Markets Group Receivables Turnover Chart

OTC Markets Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.44

12.11

14.69

12.45

12.80

OTC Markets Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.62	3.65	3.64	3.68	3.56

Competitive Comparison of OTC Markets Group's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, OTC Markets Group'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.

OTC Markets Group's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where OTC Markets Group's Receivables Turnover falls into.

OTC Markets Group Receivables Turnover Calculation

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

OTC Markets Group'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 )
=	109.895	/ (	(9.485	+	7.68)	/	2 )
=	109.895	/	8.5825
=	12.80

OTC Markets Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	27.394	/ (	(7.443	+	7.95)	/	2 )
=	27.394	/	7.6965
=	3.56

OTC Markets Group (OTCPK:OTCM) 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.

OTC Markets Group Receivables Turnover Related Terms

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OTC Markets Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OTC Markets Group Inc (OTCPK:OTCM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.otcmarkets.com

OTC Markets Group Inc operates financial markets for securities in the U.S and globally. The firm mainly operates OTCQX best market, OTCQB venture market and Pink open market. It has OTC link ATS, market data licensing and corporate services business lines. The activities of these business lines encompass quotation and trade messaging services, network-based platform, access to market data, a suite of market data licenses and disclosure and information services. It derives a majority of revenue from the U.S.