Coinsilium Group (Coinsilium Group) Receivables Turnover : 1.02 (As of Jun. 2023)

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What is Coinsilium 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. Coinsilium Group's Revenue for the six months ended in Jun. 2023 was $0.07 Mil. Coinsilium Group's average Accounts Receivable for the six months ended in Jun. 2023 was $0.07 Mil. Hence, Coinsilium Group's Receivables Turnover for the six months ended in Jun. 2023 was 1.02.

Coinsilium Group Receivables Turnover Historical Data

The historical data trend for Coinsilium 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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Coinsilium Group Receivables Turnover Chart

Coinsilium Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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14.24

1.09

1.93

6.78

6.22

Coinsilium Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial											0.59	4.38	1.85	1.07	1.02

Competitive Comparison of Coinsilium Group's Receivables Turnover

For the Software - Application subindustry, Coinsilium 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.

Coinsilium Group's Receivables Turnover Distribution in the Software Industry

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

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

Coinsilium Group Receivables Turnover Calculation

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

Coinsilium Group'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 )
=	0.258	/ (	(0.051	+	0.032)	/	2 )
=	0.258	/	0.0415
=	6.22

Coinsilium Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.071	/ (	(0.032	+	0.107)	/	2 )
=	0.071	/	0.0695
=	1.02

Coinsilium Group (OTCPK:CINGF) 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.

Coinsilium Group Receivables Turnover Related Terms

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Coinsilium Group (Coinsilium Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coinsilium Group Ltd (OTCPK:CINGF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

COIN:UK 5CT:Germany

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG1110

Website

https://www.coinsilium.com

Coinsilium Group Ltd is engaged in investing in blockchain technologies with a focus on fintech. The company's segment includes Investing; Advisory and Corporate. It generates maximum revenue from the Investing segment. Geographically, it operates in the United Kingdom and the British Virgin Islands.

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