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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. RocketFuel Blockchain's Revenue for the
three
months ended in Jun. 2023 was $0.24 Mil. RocketFuel Blockchain's average Accounts Receivable for the
three
months ended in Jun. 2023 was $0.00 Mil.
Hence, RocketFuel Blockchain's Receivables Turnover for the
three
months ended in Jun. 2023 was 235.00.
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.
RocketFuel Blockchain Receivables Turnover Related Terms
RocketFuel Blockchain Receivables Turnover Historical Data
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The historical data trend for RocketFuel Blockchain'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.
RKFL vs FFZY, ATDS, VISM: Receivables Turnover Comparison
For the Software - Infrastructure subindustry, RocketFuel Blockchain'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.
RocketFuel Blockchain Receivables Turnover vs Software Industry
For the Software industry and Technology sector, RocketFuel Blockchain's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where RocketFuel Blockchain'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.
RocketFuel Blockchain (RKFL) has a Receivables Turnover of 235.00 as of Jun. 2023. 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 RocketFuel Blockchain and its competitors.
Is RocketFuel Blockchain's Receivables Turnover too high?
RocketFuel Blockchain's current Receivables Turnover is 235.00. The Software industry median Receivables Turnover is 6.02. RocketFuel Blockchain's value of 235.00 is 3803.7% above this industry median.
How does RocketFuel Blockchain's Receivables Turnover compare to FFZY and ATDS?
RocketFuel Blockchain's Receivables Turnover of 235.00 can be compared against companies in the Software industry. The industry median Receivables Turnover is 6.02. RocketFuel Blockchain's value of 235.00 is 3803.7% above 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 6.02, based on 2,776 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. RocketFuel Blockchain's current Receivables Turnover of 235.00 is 3803.7% above 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 RocketFuel Blockchain and its competitors. For the Software industry, the median Receivables Turnover is 6.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RocketFuel Blockchain's current Receivables Turnover is 235.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RocketFuel Blockchain stock overvalued right now?
RocketFuel Blockchain (RKFL) has a current Receivables Turnover of 235.00. The current Receivables Turnover is 235.00 and 3803.7% above the Software industry median of 6.02. 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 RocketFuel Blockchain (RKFL), the current Receivables Turnover is 235.00 as of Jun. 2023. 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.
RocketFuel Blockchain Inc is a development-stage company that is in the process of developing check-out systems based upon blockchain technology and designed to increase speed, security, and ease of use. The company's blockchain-based check-out solution is being designed to include a single-click functionality to invoke payment conveyance with integrated consumer shipping address data. The provide payment solutions to businesses enabling them to make and receive payments with cryptocurrencies and via bank transfers, including ACH.
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