DMG Blockchain Solutions (TSXV:DMGI) Receivables Turnover : 15.26 (As of Mar. 2024)

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What is DMG Blockchain Solutions 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. DMG Blockchain Solutions's Revenue for the three months ended in Mar. 2024 was C$10.02 Mil. DMG Blockchain Solutions's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.66 Mil. Hence, DMG Blockchain Solutions's Receivables Turnover for the three months ended in Mar. 2024 was 15.26.

DMG Blockchain Solutions Receivables Turnover Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions Receivables Turnover Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.14

8.14

2.20

9.30

45.96

DMG Blockchain Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															10.58	3.05	2.34	11.43	15.26

Competitive Comparison of DMG Blockchain Solutions's Receivables Turnover

For the Capital Markets subindustry, DMG Blockchain Solutions'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.

DMG Blockchain Solutions's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where DMG Blockchain Solutions's Receivables Turnover falls into.

DMG Blockchain Solutions Receivables Turnover Calculation

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

DMG Blockchain Solutions'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 )
=	27.941	/ (	(0.638	+	0.578)	/	2 )
=	27.941	/	0.608
=	45.96

DMG Blockchain Solutions'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 )
=	10.016	/ (	(1.117	+	0.196)	/	2 )
=	10.016	/	0.6565
=	15.26

DMG Blockchain Solutions (TSXV:DMGI) 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.

DMG Blockchain Solutions Receivables Turnover Related Terms

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DMG Blockchain Solutions (TSXV:DMGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (TSXV:DMGI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

DMGGF:USA 6AX:Germany

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.

Executives

Adrian Glover

Senior Officer

DMG Blockchain Solutions (TSXV:DMGI) Headlines

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