Galaxy Digital(Glxy) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for GLXY compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2021', GLXY's receivables turnover was 0.00, showing efficiency in collecting outstanding receivables. Industry average for Investment Bankers/Brokers/Service in '2021' stood at 3.18.
• In '2022', GLXY's receivables turnover was 0.00, showing efficiency in collecting outstanding receivables. The figure remained stable compared to '2021'. Industry average for Investment Bankers/Brokers/Service in '2022' stood at 0.60. Industry average declined by 2.59 from previous year.
• In '2023', GLXY's receivables turnover was 0.00, showing efficiency in collecting outstanding receivables. The figure remained stable compared to '2022'. Industry average for Investment Bankers/Brokers/Service in '2023' stood at 1.81. Industry average increased by 1.21 compared to previous year.
• In '2024', GLXY's receivables turnover was 0.00, showing efficiency in collecting outstanding receivables. The figure remained stable compared to '2023'. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 2.26. Industry average increased by 0.45 compared to previous year.
Overall, GLXY's receivables turnover has remained generally stable over the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.