Prestige Wealth (Prestige Wealth) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is Prestige Wealth 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. Prestige Wealth's Revenue for the six months ended in Sep. 2023 was $-0.22 Mil. Prestige Wealth's average Accounts Receivable for the six months ended in Sep. 2023 was $0.44 Mil.

Prestige Wealth Receivables Turnover Historical Data

The historical data trend for Prestige Wealth'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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Prestige Wealth Receivables Turnover Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

5.57

11.01

12.67

1.26

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			3.98	7.80	0.85	1.28	-

Competitive Comparison of Prestige Wealth's Receivables Turnover

For the Asset Management subindustry, Prestige Wealth'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.

Prestige Wealth's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prestige Wealth's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prestige Wealth's Receivables Turnover falls into.

Prestige Wealth Receivables Turnover Calculation

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

Prestige Wealth'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 )
=	0.349	/ (	(0.282	+	0.273)	/	2 )
=	0.349	/	0.2775
=	1.26

Prestige Wealth's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	-0.217	/ (	(0.604	+	0.273)	/	2 )
=	-0.217	/	0.4385
=	N/A

Prestige Wealth (NAS:PWM) 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.

Prestige Wealth Receivables Turnover Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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