Tokens.com (TSXV:COIN) Receivables Turnover : 6.50 (As of Dec. 2023)

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What is Tokens.com 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. Tokens.com's Revenue for the three months ended in Dec. 2023 was C$0.42 Mil. Tokens.com's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.06 Mil. Hence, Tokens.com's Receivables Turnover for the three months ended in Dec. 2023 was 6.50.

Tokens.com Receivables Turnover Historical Data

The historical data trend for Tokens.com'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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Tokens.com Receivables Turnover Chart

Tokens.com Annual Data

Trend

Dec20

Dec21

Sep22

Sep23

Receivables Turnover

44.47

8.38

11.14

Tokens.com Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							0.39	2.02	1.00	1.04	6.50

Competitive Comparison of Tokens.com's Receivables Turnover

For the Capital Markets subindustry, Tokens.com'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.

Tokens.com's Receivables Turnover Distribution in the Capital Markets Industry

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

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

Tokens.com Receivables Turnover Calculation

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

Tokens.com's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.769	/ (	(0	+	0.069)	/	1 )
=	0.769	/	0.069
=	11.14

Tokens.com's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.419	/ (	(0.069	+	0.06)	/	2 )
=	0.419	/	0.0645
=	6.50

Tokens.com (TSXV:COIN) 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.

Tokens.com Receivables Turnover Related Terms

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Tokens.com (TSXV:COIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tokens.com Corp (TSXV:COIN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SMURF:USA 76M:Germany

Address

100 King Street West, 3400 One First Canadian Place, Toronto, ON, CAN, M5X 1A4

Website

https://www.tokens.com

Tokens.com Corp is traded technology company that invests in web3 assets and builds web3 business. It operates the technology that secures next generation blockchain networks through Proof-of-Stake technology that supports the growth of decentralized finance applications. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. It generate majority of its revenue from staking.