Bexil (BXLC) Receivables Turnover : 2.78 (As of Sep. 2023)

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What is Bexil 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. Bexil's Revenue for the three months ended in Sep. 2023 was $0.65 Mil. Bexil's average Accounts Receivable for the three months ended in Sep. 2023 was $0.23 Mil. Hence, Bexil's Receivables Turnover for the three months ended in Sep. 2023 was 2.78.

Bexil Receivables Turnover Historical Data

The historical data trend for Bexil'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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Bexil Receivables Turnover Chart

Bexil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Receivables Turnover

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8.06

Bexil Quarterly Data
	Sep07	Dec07	Mar08	Jun08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Sep22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.15	2.71	2.73	5.56	2.78

Competitive Comparison of Bexil's Receivables Turnover

For the Asset Management subindustry, Bexil'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.

Bexil's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bexil's Receivables Turnover distribution charts can be found below:

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

Bexil Receivables Turnover Calculation

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

Bexil's Receivables Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Receivables Turnover (A: Dec. 2011 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2011 )	/ (	(Accounts Receivable (A: Dec. 2010 )	+	Accounts Receivable (A: Dec. 2011 ))	/	count )
=	0.862	/ (	(0	+	0.107)	/	1 )
=	0.862	/	0.107
=	8.06

Bexil's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.647	/ (	(0	+	0.233)	/	1 )
=	0.647	/	0.233
=	2.78

Bexil (OTCPK:BXLC) 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.

Bexil Receivables Turnover Related Terms

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Bexil (BXLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bexil Corp (OTCPK:BXLC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2255 Buffalo Road, Rochester, NY, USA, 12545

Website

https://www.bexil.com

Bexil Corporation is a United States firm engaged through a wholly-owned subsidiary, Bexil Advisers LLC, in investment management. Bexil Advisers is a registered investment adviser and the investment manager to Dividend and Income Fund, a closed-end fund.

Executives

Mark Campbell Winmill	10 percent owner	3814 ROUTE 44, MILLBROOK NY 12545
John F Ramirez	officer: Chief Compliance Officer	11 HANOVER SQUARE, 12TH FLOOR, NEW YORK NY 10005
Thomas Omalley	officer: Chief Financial Officer	3814 ROUTE 44, MILLBROOK NY 12545
Bexil Corp	officer: Chief Financial Officer	2255 BUFFALO ROAD, ROCHESTER NY 14624
Thomas Bassett Winmill	director, 10 percent owner, officer: President	P.O. BOX 4, WALPOLE NH 03608
Bassett Starr Winmill	director, 10 percent owner, officer: Executive Chairman	11 HANOVER SQUARE, NEW YORK NY 10005
Burke Russell E Iii	director	3814 ROUTE 44, MILLBROOK NY 12545
Investor Service Center Inc /de	10 percent owner	11 HANOVER SQUARE, NEW YORK NY 10005