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Latinex Holdings (XPTY:LTXH) Receivables Turnover : 3.26 (As of Mar. 2024)


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What is Latinex Holdings 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. Latinex Holdings's Revenue for the three months ended in Mar. 2024 was $1.96 Mil. Latinex Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $0.60 Mil. Hence, Latinex Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 3.26.


Latinex Holdings Receivables Turnover Historical Data

The historical data trend for Latinex Holdings'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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Latinex Holdings Receivables Turnover Chart

Latinex Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
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Latinex Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 3.26

Competitive Comparison of Latinex Holdings's Receivables Turnover

For the Capital Markets subindustry, Latinex Holdings'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.


Latinex Holdings's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Latinex Holdings's Receivables Turnover falls into.



Latinex Holdings Receivables Turnover Calculation

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

Latinex Holdings'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 )
=8.334 / ((0 + 0) / 1 )
=8.334 / 0
=N/A

Latinex Holdings'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 )
=1.959 / ((0 + 0.601) / 1 )
=1.959 / 0.601
=3.26

* 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.


Latinex Holdings  (XPTY:LTXH) 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.


Latinex Holdings Receivables Turnover Related Terms

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Latinex Holdings (XPTY:LTXH) Business Description

Traded in Other Exchanges
Address
Avenue Federico Boyd and 49th Street, Building Stock Exchange Panama, Republic of Panama, Panama, PAN
Latinex Holdings Inc through its subsidiaries operates as a stock exchange in the Republic of Panama. It also offers administration, custody, clearing, and settlement services for various investments; and trust services.

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