Bitnine Co (XKRX:357880) Receivables Turnover : 0.84 (As of Mar. 2024)

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What is Bitnine 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. Bitnine Co's Revenue for the three months ended in Mar. 2024 was ₩7,608 Mil. Bitnine Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩9,095 Mil. Hence, Bitnine Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.84.

Bitnine Co Receivables Turnover Historical Data

The historical data trend for Bitnine 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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Bitnine Co Receivables Turnover Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

3.33

4.48

4.27

2.43

Bitnine 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									0.65	0.56	0.60	0.77	0.84

Competitive Comparison of Bitnine Co's Receivables Turnover

For the Software - Infrastructure subindustry, Bitnine 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.

Bitnine Co's Receivables Turnover Distribution in the Software Industry

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

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

Bitnine Co Receivables Turnover Calculation

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

Bitnine Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	19175.153	/ (	(6640.754	+	9136.09)	/	2 )
=	19175.153	/	7888.422
=	2.43

Bitnine 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 )
=	7608.389	/ (	(9021.871	+	9167.628)	/	2 )
=	7608.389	/	9094.7495
=	0.84

Bitnine Co (XKRX:357880) 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.

Bitnine Co Receivables Turnover Related Terms

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Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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