Nanoco Group (AQSE:NANO.GB) Receivables Turnover : 2.11 (As of Jan. 2024)

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What is Nanoco Group 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. Nanoco Group's Revenue for the six months ended in Jan. 2024 was £3.96 Mil. Nanoco Group's average Accounts Receivable for the six months ended in Jan. 2024 was £1.87 Mil. Hence, Nanoco Group's Receivables Turnover for the six months ended in Jan. 2024 was 2.11.

Nanoco Group Receivables Turnover Historical Data

The historical data trend for Nanoco Group'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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Nanoco Group Receivables Turnover Chart

Nanoco Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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28.96

11.16

3.10

2.69

10.58

Nanoco Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.18	1.38	1.83	9.88	2.11

Competitive Comparison of Nanoco Group's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Nanoco Group'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.

Nanoco Group's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nanoco Group's Receivables Turnover distribution charts can be found below:

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

Nanoco Group Receivables Turnover Calculation

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

Nanoco Group's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	5.618	/ (	(0.975	+	0.087)	/	2 )
=	5.618	/	0.531
=	10.58

Nanoco Group's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	3.956	/ (	(0.087	+	3.66)	/	2 )
=	3.956	/	1.8735
=	2.11

Nanoco Group (AQSE:NANO.GB) 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.

Nanoco Group Receivables Turnover Related Terms

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Nanoco Group (AQSE:NANO.GB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nanoco Group PLC (AQSE:NANO.GB) » Definitions » Receivables Turnover

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NNOCF:USA NANOl:UK NANO:UK

Address

The Heath Business & Technical Park, Heath Road South, Science Centre, Runcorn, GBR, WA7 4QE

Website

http://www.nanocotechnologies.com

Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include cadmium-free quantum dots, CFQD quantum dot films, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, Holland, United Kingdom, Japan and other countries.

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