XP (XP) Receivables Turnover : 3.15 (As of Dec. 2023)

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What is XP 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. XP's Revenue for the three months ended in Dec. 2023 was $384 Mil. XP's average Accounts Receivable for the three months ended in Dec. 2023 was $122 Mil. Hence, XP's Receivables Turnover for the three months ended in Dec. 2023 was 3.15.

XP Receivables Turnover Historical Data

The historical data trend for XP'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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XP Receivables Turnover Chart

XP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.67

9.74

13.47

13.04

12.24

XP 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															2.77	2.32	2.39	2.85	3.15

Competitive Comparison of XP's Receivables Turnover

For the Capital Markets subindustry, XP'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.

XP's Receivables Turnover Distribution in the Capital Markets Industry

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

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

XP Receivables Turnover Calculation

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

XP'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 )
=	1333.117	/ (	(99.538	+	118.27)	/	2 )
=	1333.117	/	108.904
=	12.24

XP'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 )
=	383.849	/ (	(125.541	+	118.27)	/	2 )
=	383.849	/	121.9055
=	3.15

XP (NAS:XP) 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.

XP Receivables Turnover Related Terms

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XP (XP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » XP Inc (NAS:XP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

XP:Mexico XP9:Germany XP9:Germany XPBR31:Brazil

Address

Avenue Chedid Jafet, 75, Torre Sul, 30th floor, Vila Olimpia, Sao Paulo, SP, BRA, 04551-065

Website

https://www.xpinc.com

XP Inc is a Cayman Island-based technology-driven financial services platform. It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment such as monitoring operations, making decisions on fund allocation, and evaluating the performance. It generates revenue through the Brokerage commission.