XTM (STU:7XT) Receivables Turnover : 5.50 (As of Sep. 2023)

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What is XTM 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. XTM's Revenue for the three months ended in Sep. 2023 was €1.31 Mil. XTM's average Accounts Receivable for the three months ended in Sep. 2023 was €0.24 Mil. Hence, XTM's Receivables Turnover for the three months ended in Sep. 2023 was 5.50.

XTM Receivables Turnover Historical Data

The historical data trend for XTM'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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XTM Receivables Turnover Chart

XTM Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

4.72

6.74

7.20

5.44

8.44

XTM Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial														2.05	4.65	3.71	5.52	5.50

Competitive Comparison of XTM's Receivables Turnover

For the Information Technology Services subindustry, XTM'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.

XTM's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, XTM's Receivables Turnover distribution charts can be found below:

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

XTM Receivables Turnover Calculation

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

XTM's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	3.29	/ (	(0.505	+	0.275)	/	2 )
=	3.29	/	0.39
=	8.44

XTM'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 )
=	1.312	/ (	(0.078	+	0.399)	/	2 )
=	1.312	/	0.2385
=	5.50

XTM (STU:7XT) 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.

XTM Receivables Turnover Related Terms

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XTM (STU:7XT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » XTM Inc (STU:7XT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

XTMIF:USA 7XT:Germany PAID:Canada

Address

67 Mowat Avenue, Suite 437, Toronto, ON, CAN, M6K 1E3

Website

https://www.xtminc.com

XTM Inc is a fintech company. The company provides necessary support systems including mobile and web applications and ancillary banking services. Its product includes Issuing Cards; Pre-Authorized Debit; Direct Deposit Accounts; Digital Banking; Visa Direct/Mastercard Send; ACH/EFT transfers and Reverse ATM. The company serves Hospitality and Salons; Payroll; Government Payouts companies. Its revenues are primarily generated from financial service fees charged to cardholders and merchants accepting the cards for payment. Revenue from financial services is generated from multiple sources including transaction fees, cardholder fees, load fees, and interchange fees.

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