Starrex International (XCNQ:STX) Receivables Turnover : 4.15 (As of Dec. 2023)

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What is Starrex International 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. Starrex International's Revenue for the three months ended in Dec. 2023 was C$3.33 Mil. Starrex International's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.80 Mil. Hence, Starrex International's Receivables Turnover for the three months ended in Dec. 2023 was 4.15.

Starrex International Receivables Turnover Historical Data

The historical data trend for Starrex International'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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Starrex International Receivables Turnover Chart

Starrex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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27.78

26.98

5.95

6.92

38.71

Starrex International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.18	3.11	3.62	3.30	4.15

Competitive Comparison of Starrex International's Receivables Turnover

For the Mortgage Finance subindustry, Starrex International'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.

Starrex International's Receivables Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Starrex International's Receivables Turnover distribution charts can be found below:

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

Starrex International Receivables Turnover Calculation

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

Starrex International'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 )
=	13.258	/ (	(0.276	+	0.409)	/	2 )
=	13.258	/	0.3425
=	38.71

Starrex International'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3.329	/ (	(1.195	+	0.409)	/	2 )
=	3.329	/	0.802
=	4.15

Starrex International (XCNQ:STX) 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.

Starrex International Receivables Turnover Related Terms

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Starrex International (XCNQ:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (XCNQ:STX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

STXMF:USA

Address

1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9

Website

https://www.starrexintl.com

Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.

Executives

Ronald Kevin Mann

Senior Officer