AD1 Holdings (ASX:AD1) Receivables Turnover : 2.53 (As of Jun. 2024)

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What is AD1 Holdings 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. AD1 Holdings's Revenue for the six months ended in Jun. 2024 was A$2.08 Mil. AD1 Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.82 Mil. Hence, AD1 Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 2.53.

AD1 Holdings Receivables Turnover Historical Data

The historical data trend for AD1 Holdings'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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AD1 Holdings Receivables Turnover Chart

AD1 Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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25.48

12.20

13.36

20.89

13.12

AD1 Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial												2.66	3.64	2.78	2.48	2.53

Competitive Comparison of AD1 Holdings's Receivables Turnover

For the Staffing & Employment Services subindustry, AD1 Holdings'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.

AD1 Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AD1 Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AD1 Holdings's Receivables Turnover falls into.

AD1 Holdings Receivables Turnover Calculation

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

AD1 Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	4.258	/ (	(0.378	+	0.271)	/	2 )
=	4.258	/	0.3245
=	13.12

AD1 Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	2.082	/ (	(1.374	+	0.271)	/	2 )
=	2.082	/	0.8225
=	2.53

AD1 Holdings (ASX:AD1) 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.

AD1 Holdings Receivables Turnover Related Terms

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AD1 Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AD1 Holdings Ltd (ASX:AD1) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

90 William Street, Level 4, Office 7, Melbourne, VIC, AUS, 3000

Website

https://www.ad1holdings.com.au

AD1 Holdings Ltd is a technology company focused on creating and investing in software businesses. Its portfolio of Software as a Service (SaaS) platform brands includes ApplyDirect which provides customer-branded recruitment marketing platforms and related digital services; Jobtale; Utility Software Services which provides a suite of software solutions that support energy retailers; and Art of Mentoring program provides mentoring programs that empower organizations to shift culture and develop their people. The company operates in a single segment of providing and delivering software services and technology platforms to its customers, and other related supporting and consulting services.

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