Lion Group Holding (Lion Group Holding) Receivables Turnover : 0.30 (As of Dec. 2023)

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What is Lion Group Holding 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. Lion Group Holding's Revenue for the six months ended in Dec. 2023 was $7.00 Mil. Lion Group Holding's average Accounts Receivable for the six months ended in Dec. 2023 was $23.58 Mil. Hence, Lion Group Holding's Receivables Turnover for the six months ended in Dec. 2023 was 0.30.

Lion Group Holding Receivables Turnover Historical Data

The historical data trend for Lion Group Holding'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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Lion Group Holding Receivables Turnover Chart

Lion Group Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.40

1.98

0.47

0.84

Lion Group Holding Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						0.35	-	0.04	0.39	0.30

Competitive Comparison of Lion Group Holding's Receivables Turnover

For the Capital Markets subindustry, Lion Group Holding'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.

Lion Group Holding's Receivables Turnover Distribution in the Capital Markets Industry

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

* The bar in red indicates where Lion Group Holding's Receivables Turnover falls into.

Lion Group Holding Receivables Turnover Calculation

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

Lion Group Holding'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 )
=	19.928	/ (	(33.342	+	13.853)	/	2 )
=	19.928	/	23.5975
=	0.84

Lion Group Holding's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.997	/ (	(33.301	+	13.853)	/	2 )
=	6.997	/	23.577
=	0.30

Lion Group Holding (NAS:LGHL) 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.

Lion Group Holding Receivables Turnover Related Terms

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Lion Group Holding (Lion Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lion Group Holding Ltd (NAS:LGHL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Phillip Street, Room No.15-04 Royal Group Building, Tower A, Billion Center, Kowloon Bay, Singapore, SGP, 048693

Website

https://www.liongroupholdings.com

Lion Group Holding Ltd is an asset management company. Also, the company provides wealth management, risk management, and other services. Also, the company offers CFD trading services, insurance brokerage services, futures brokerage services, and securities brokerage services.