Neptune Digital Assets (TSXV:NDA) Receivables Turnover : 0.91 (As of Feb. 2024)

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What is Neptune Digital Assets 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. Neptune Digital Assets's Revenue for the three months ended in Feb. 2024 was C$0.63 Mil. Neptune Digital Assets's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.70 Mil. Hence, Neptune Digital Assets's Receivables Turnover for the three months ended in Feb. 2024 was 0.91.

Neptune Digital Assets Receivables Turnover Historical Data

The historical data trend for Neptune Digital Assets'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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Neptune Digital Assets Receivables Turnover Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

3.88

2.46

15.65

8.23

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.01	1.71	1.51	1.18	0.91

Competitive Comparison of Neptune Digital Assets's Receivables Turnover

For the Capital Markets subindustry, Neptune Digital Assets'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.

Neptune Digital Assets's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Neptune Digital Assets's Receivables Turnover falls into.

Neptune Digital Assets Receivables Turnover Calculation

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

Neptune Digital Assets's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	2.32	/ (	(0.322	+	0.242)	/	2 )
=	2.32	/	0.282
=	8.23

Neptune Digital Assets's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.634	/ (	(0.641	+	0.754)	/	2 )
=	0.634	/	0.6975
=	0.91

Neptune Digital Assets (TSXV:NDA) 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.

Neptune Digital Assets Receivables Turnover Related Terms

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Neptune Digital Assets (TSXV:NDA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Executives

Neptune Digital Assets Corp.

Issuer

Neptune Digital Assets (TSXV:NDA) Headlines

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