TMX Group (TSX:X) Receivables Turnover : 1.79 (As of Mar. 2024)

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What is TMX Group 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. TMX Group's Revenue for the three months ended in Mar. 2024 was C$346 Mil. TMX Group's average Accounts Receivable for the three months ended in Mar. 2024 was C$193 Mil. Hence, TMX Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.79.

TMX Group Receivables Turnover Historical Data

The historical data trend for TMX Group'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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TMX Group Receivables Turnover Chart

TMX Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.47

9.03

9.95

9.76

9.44

TMX Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.82	1.61	1.57	1.94	1.79

Competitive Comparison of TMX Group's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, TMX Group'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.

TMX Group's Receivables Turnover Distribution in the Capital Markets Industry

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

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

TMX Group Receivables Turnover Calculation

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

TMX Group'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 )
=	1194.1	/ (	(128.9	+	124.1)	/	2 )
=	1194.1	/	126.5
=	9.44

TMX Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	345.9	/ (	(124.1	+	261.8)	/	2 )
=	345.9	/	192.95
=	1.79

TMX Group (TSX:X) 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.

TMX Group Receivables Turnover Related Terms

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TMX Group (TSX:X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TMX Group Ltd (TSX:X) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TMXXF:USA

Address

300 - 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3

Website

https://www.tmx.com

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore.

Executives

Elias Anastasopoulos

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)