Issue $3$: Deteriorating accounts receivables

It has credit on accounts receivable which typically represents increases in liabilities suggesting that the account might have led to negative revenue in the company. It led to no cash generation which led the company to have negative revenue.

Year $202320222021$

Total revenue $$1,865,000$ $$1,358,000$ $$1,815,000$

Average accounts receivable $$3,701,000$ $$5,267,500$ $$5,379,579$

Accounts Receivable Turnover ratio $0\mathrm{.}500\mathrm{.}260\mathrm{.}34$

A higher accounts receivable ratio indicates that the company is collecting its receivables faster from the customers. The ratio on average of turnover indicates that the company is slow in collecting their payments from the customers. Robinhood is involved in commission$-$free trading of fractional shares which attracts a wider range of investors from small to large investing. It might have attracted more smaller inventors contributing to a high volume of smaller transactions with high processing and settlement time that led to a slower collection period. furthermore, it also provides margin trading which allows investors to borrow money from the company. It would lead to many customers following margin trading and customers experiencing losses are unable to pay back the money leading to a slow collection period and deteriorating the financial status of the company. anlayse what the issues are? and what could be the possible reason for this?