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Finnovate Acquisition (Finnovate Acquisition) Receivables Turnover : 0.00 (As of Mar. 2024)


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What is Finnovate Acquisition 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. Finnovate Acquisition's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Finnovate Acquisition's average Accounts Receivable for the three months ended in Mar. 2024 was $0.00 Mil.


Finnovate Acquisition Receivables Turnover Historical Data

The historical data trend for Finnovate Acquisition'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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Finnovate Acquisition Receivables Turnover Chart

Finnovate Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
- - -

Finnovate Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Finnovate Acquisition's Receivables Turnover

For the Shell Companies subindustry, Finnovate Acquisition'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.


Finnovate Acquisition's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Finnovate Acquisition's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Finnovate Acquisition's Receivables Turnover falls into.



Finnovate Acquisition Receivables Turnover Calculation

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

Finnovate Acquisition's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Finnovate Acquisition's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

* 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.


Finnovate Acquisition  (NAS:FNVT) 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.


Finnovate Acquisition Receivables Turnover Related Terms

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Finnovate Acquisition (Finnovate Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
20 Genesis Close, The White House, George Town, Grand Cayman, CYM, KY1 1208
Finnovate Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Chun Yi Hao director 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Sanjay Prasad director 25 MALL ROAD, SUITE 330, BURLINGTON MA 01803
Tiemei Sarah Li director THE WHITE HOUSE, 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Meitav Investment House Ltd 10 percent owner 30 DEREKH SHESHET HA-YAMIM ST., BENE-BERAQ L3 5112302
Wang Chiu Wong director, 10 percent owner, officer: Chief Financial Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN, E9 KY1 1208
Calvin Kung director, 10 percent owner, officer: Chief Executive Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Sunorange Ltd. 10 percent owner C/O FINNOVATE ACQUISITION CORP., THE WHITE HOUSE 20 GENESIS CLOSE,, GEORGE TOWN E9 KY11208
Mitchell Alan Garber director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Ron Avshalom Golan director, officer: Chief Financial Officer 6 FROGNAL CLOSE, LONDON X0 NW3 6YB
Gustavo Rodolfo Schwed director 34 WEST 17TH STREET, PH, NEW YORK NY 10011
David Gershon director, officer: Chief Executive Officer 9 MAURIZIO VITALE APT. 47, TEL AVIV L3 6965104
Nadav Zohar director C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Jonathan Ophir officer: Chief Investment Officer C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor L.p. 10 percent owner C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor Llc 10 percent owner C/O FINNOVATE ACQUISITION CORP., 94 YIGAL ALON ST., TEL AVIV L3 6789139