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. Virtu Financial's Revenue for the
three
months ended in Dec. 2023 was $536 Mil. Virtu Financial's average Accounts Receivable for the
three
months ended in Dec. 2023 was $496 Mil.
Hence, Virtu Financial's Receivables Turnover for the
three
months ended in Dec. 2023 was 1.08.
Virtu Financial Receivables Turnover Historical Data
The historical data trend for Virtu Financial'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.
Competitive Comparison of Virtu Financial's Receivables Turnover
For the Capital Markets subindustry, Virtu Financial'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.
Virtu Financial's Receivables Turnover Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Virtu Financial's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Virtu Financial's Receivables Turnover falls into.
Virtu Financial Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Virtu Financial's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Virtu Financial Receivables Turnover Related Terms
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Virtu Financial (Virtu Financial) Business Description
Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.
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