Bit Brother (Bit Brother) Receivables Turnover : 250.00 (As of Jun. 2023)

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What is Bit Brother 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. Bit Brother's Revenue for the six months ended in Jun. 2023 was $2.25 Mil. Bit Brother's average Accounts Receivable for the six months ended in Jun. 2023 was $0.01 Mil. Hence, Bit Brother's Receivables Turnover for the six months ended in Jun. 2023 was 250.00.

Bit Brother Receivables Turnover Historical Data

The historical data trend for Bit Brother'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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Bit Brother Receivables Turnover Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.12

2.86

2.39

6.59

320.33

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															-	5.65	-	-	250.00

Competitive Comparison of Bit Brother's Receivables Turnover

For the Capital Markets subindustry, Bit Brother'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.

Bit Brother's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Bit Brother's Receivables Turnover falls into.

Bit Brother Receivables Turnover Calculation

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

Bit Brother's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.883	/ (	(0	+	0.009)	/	1 )
=	2.883	/	0.009
=	320.33

Bit Brother's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	2.25	/ (	(0	+	0.009)	/	1 )
=	2.25	/	0.009
=	250.00

Bit Brother (OTCPK:BETSF) 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.

Bit Brother Receivables Turnover Related Terms

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Bit Brother (Bit Brother) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (OTCPK:BETSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.