Raffles Financial Group (XCNQ:RICH) Receivables Turnover : 0.00 (As of Mar. 2021)

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What is Raffles Financial 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. Raffles Financial Group's Revenue for the three months ended in Mar. 2021 was C$2.81 Mil. Raffles Financial Group's average Accounts Receivable for the three months ended in Mar. 2021 was C$0.00 Mil.

Raffles Financial Group Receivables Turnover Historical Data

The historical data trend for Raffles Financial 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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Raffles Financial Group Receivables Turnover Chart

Raffles Financial Group Annual Data

Trend

Jun19

Receivables Turnover

1.52

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Receivables Turnover	Get a 7-Day Free Trial					-	2.75	-	-	-

Competitive Comparison of Raffles Financial Group's Receivables Turnover

For the Capital Markets subindustry, Raffles Financial 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.

Raffles Financial Group's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Raffles Financial Group's Receivables Turnover falls into.

Raffles Financial Group Receivables Turnover Calculation

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

Raffles Financial Group's Receivables Turnover for the fiscal year that ended in Jun. 2019 is calculated as

	Receivables Turnover (A: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2019 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Jun. 2019 ))	/	count )
=	11.252	/ (	(	+	7.415)	/	1 )
=	11.252	/	7.415
=	1.52

Raffles Financial Group's Receivables Turnover for the quarter that ended in Mar. 2021 is calculated as

	Receivables Turnover (Q: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Mar. 2021 ))	/	count )
=	2.809	/ (	(0	+	0)	/	1 )
=	2.809	/	0
=	N/A

Raffles Financial Group (XCNQ:RICH) 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.

Raffles Financial Group Receivables Turnover Related Terms

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Raffles Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (XCNQ:RICH) » Definitions » Receivables Turnover

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group Headlines

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