Spirit Blockchain Capital (XCNQ:SPIR) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is Spirit Blockchain Capital 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. Spirit Blockchain Capital's Revenue for the three months ended in Sep. 2023 was C$0.00 Mil. Spirit Blockchain Capital's average Accounts Receivable for the three months ended in Sep. 2023 was C$0.04 Mil.

Spirit Blockchain Capital Receivables Turnover Historical Data

The historical data trend for Spirit Blockchain Capital'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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Spirit Blockchain Capital Receivables Turnover Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

Receivables Turnover

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					0.27	-	2.44	0.03	-

Competitive Comparison of Spirit Blockchain Capital's Receivables Turnover

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Spirit Blockchain Capital's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Spirit Blockchain Capital's Receivables Turnover falls into.

Spirit Blockchain Capital Receivables Turnover Calculation

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

Spirit Blockchain Capital'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 )
=	-0.891	/ (	(0.009	+	0.036)	/	2 )
=	-0.891	/	0.0225
=	N/A

Spirit Blockchain Capital'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0	/ (	(0.04	+	0.041)	/	2 )
=	0	/	0.0405
=	N/A

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital Receivables Turnover Related Terms

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Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SBLCF:USA

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

https://www.spiritblockchain.com

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.