Dynamic Group Holdings (ASX:DDB) Receivables Turnover : 3.52 (As of Dec. 2023)

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What is Dynamic Group 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. Dynamic Group Holdings's Revenue for the six months ended in Dec. 2023 was A$46.0 Mil. Dynamic Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$13.1 Mil. Hence, Dynamic Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.52.

Dynamic Group Holdings Receivables Turnover Historical Data

The historical data trend for Dynamic Group 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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Dynamic Group Holdings Receivables Turnover Chart

Dynamic Group Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

5.53

9.17

7.61

Dynamic Group Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			4.70	3.50	3.18	3.57	3.52

Competitive Comparison of Dynamic Group Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Dynamic Group 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.

Dynamic Group Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dynamic Group Holdings's Receivables Turnover distribution charts can be found below:

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

Dynamic Group Holdings Receivables Turnover Calculation

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

Dynamic Group Holdings'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 )
=	102.856	/ (	(11.87	+	15.175)	/	2 )
=	102.856	/	13.5225
=	7.61

Dynamic Group Holdings'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 )
=	45.995	/ (	(15.175	+	10.968)	/	2 )
=	45.995	/	13.0715
=	3.52

Dynamic Group Holdings (ASX:DDB) 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.

Dynamic Group Holdings Receivables Turnover Related Terms

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Dynamic Group Holdings (ASX:DDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dynamic Group Holdings Ltd (ASX:DDB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Hasler Road, Level 2, Osborne Park, WA, AUS, 6017

Website

https://www.dynamicdrillandblast.com.au

Dynamic Group Holdings Ltd, formerly Dynamic Drill and Blast Holdings Ltd is engaged in providing drill and blast services. The firm generates its revenue from mine production drilling and blasting for resource extraction and construction project drilling and blasting for mine development purposes through the supply of labor, drilling equipment, and services and explosives equipment and services.

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