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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. Jamaica Stock Exchange's Revenue for the
six
months ended in Dec. 2023 was JMD2,118 Mil. Jamaica Stock Exchange's average Accounts Receivable for the
six
months ended in Dec. 2023 was JMD241 Mil.
Hence, Jamaica Stock Exchange's Receivables Turnover for the
six
months ended in Dec. 2023 was 8.80.
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.
Jamaica Stock Exchange Receivables Turnover Related Terms
Jamaica Stock Exchange Receivables Turnover Historical Data
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The historical data trend for Jamaica Stock Exchange'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.
XJAM:JSE vs SPGI, ICE, CME: Receivables Turnover Comparison
For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange'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.
Jamaica Stock Exchange Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Jamaica Stock Exchange'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.
Jamaica Stock Exchange (XJAM:JSE) has a Receivables Turnover of 8.80 as of Dec. 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 Jamaica Stock Exchange and its competitors.
Is Jamaica Stock Exchange's Receivables Turnover too high?
Jamaica Stock Exchange's current Receivables Turnover is 8.80. The Capital Markets industry median Receivables Turnover is 6.82. Jamaica Stock Exchange's value of 8.80 is 29.1% above this industry median. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's Receivables Turnover compare to SPGI and ICE?
Jamaica Stock Exchange's Receivables Turnover of 8.80 can be compared against companies in the Capital Markets industry. The industry median Receivables Turnover is 6.82. Jamaica Stock Exchange's value of 8.80 is 29.1% 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 Capital Markets company?
The median Receivables Turnover among Capital Markets companies is 6.82, based on 578 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. Jamaica Stock Exchange's current Receivables Turnover of 8.80 is 29.1% 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 Jamaica Stock Exchange and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jamaica Stock Exchange's current Receivables Turnover is 8.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current Receivables Turnover of 8.80. The current Receivables Turnover is 8.80 and 29.1% above the Capital Markets industry median of 6.82. Jamaica Stock Exchange's overall GF Score™ is 22/100. 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 Jamaica Stock Exchange (XJAM:JSE), the current Receivables Turnover is 8.80 as of Dec. 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.
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
22GF Score
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