X3 Holdings Co (X3 Holdings Co) Receivables Turnover : 0.44 (As of Jun. 2023)

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What is X3 Holdings 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. X3 Holdings Co's Revenue for the six months ended in Jun. 2023 was $6.59 Mil. X3 Holdings Co's average Accounts Receivable for the six months ended in Jun. 2023 was $14.94 Mil. Hence, X3 Holdings Co's Receivables Turnover for the six months ended in Jun. 2023 was 0.44.

X3 Holdings Co Receivables Turnover Historical Data

The historical data trend for X3 Holdings 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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X3 Holdings Co Receivables Turnover Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.62

1.50

2.09

1.67

0.54

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial									0.78	0.83	0.32	0.20	0.44

Competitive Comparison of X3 Holdings Co's Receivables Turnover

For the Software - Application subindustry, X3 Holdings 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.

X3 Holdings Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, X3 Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where X3 Holdings Co's Receivables Turnover falls into.

X3 Holdings Co Receivables Turnover Calculation

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

X3 Holdings 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 )
=	10.483	/ (	(24.218	+	14.815)	/	2 )
=	10.483	/	19.5165
=	0.54

X3 Holdings Co'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 )
=	6.585	/ (	(14.815	+	15.069)	/	2 )
=	6.585	/	14.942
=	0.44

X3 Holdings Co (NAS:XTKG) 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.

X3 Holdings Co Receivables Turnover Related Terms

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X3 Holdings Co (X3 Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » X3 Holdings Co Ltd (NAS:XTKG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Advanced Business Park, 29 Lanwan Lane, 9th Floor, Building C2, Hightech District, Guangdong Province, Zhuhai, CHN, 519080

Website

https://www.powerbridge.com

Powerbridge Technologies Co Ltd provides a software application, technology solutions, and services to corporate and government customers. The company offers services such as Powerbridge System Solutions, Powerbridge SaaS Services, Powerbridge BaaS Services, and others. It generates its revenue in the form of application development services, consulting and technical support services, and subscription services. All of its revenues are generated from the People's Republic of China.