Lift Global Ventures (AQSE:LFT) Receivables Turnover : 1.39 (As of Dec. 2023)

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What is Lift Global Ventures 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. Lift Global Ventures's Revenue for the six months ended in Dec. 2023 was £0.28 Mil. Lift Global Ventures's average Accounts Receivable for the six months ended in Dec. 2023 was £0.20 Mil. Hence, Lift Global Ventures's Receivables Turnover for the six months ended in Dec. 2023 was 1.39.

Lift Global Ventures Receivables Turnover Historical Data

The historical data trend for Lift Global Ventures'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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Lift Global Ventures Receivables Turnover Chart

Lift Global Ventures Annual Data

Trend

Jun22

Jun23

Receivables Turnover

3.12

Lift Global Ventures Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	0.88	2.05	1.39

Competitive Comparison of Lift Global Ventures's Receivables Turnover

For the Shell Companies subindustry, Lift Global Ventures'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.

Lift Global Ventures's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Lift Global Ventures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lift Global Ventures's Receivables Turnover falls into.

Lift Global Ventures Receivables Turnover Calculation

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

Lift Global Ventures's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0.484	/ (	(0	+	0.155)	/	1 )
=	0.484	/	0.155
=	3.12

Lift Global Ventures'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.28	/ (	(0.155	+	0.248)	/	2 )
=	0.28	/	0.2015
=	1.39

Lift Global Ventures (AQSE:LFT) 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.

Lift Global Ventures Receivables Turnover Related Terms

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Lift Global Ventures (AQSE:LFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lift Global Ventures PLC (AQSE:LFT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Ingestre Place, Suite 1, London, GBR, W1F 0DU

Website

https://www.liftgv.com

Lift Global Ventures PLC is formed to identify potential investment and acquisition opportunities in companies operating within the financial media and related technology industries.