FleetPartners Group (ASX:FPR) Receivables Turnover : 4.92 (As of Mar. 2024)

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What is FleetPartners 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. FleetPartners Group's Revenue for the six months ended in Mar. 2024 was A$332.8 Mil. FleetPartners Group's average Accounts Receivable for the six months ended in Mar. 2024 was A$67.7 Mil. Hence, FleetPartners Group's Receivables Turnover for the six months ended in Mar. 2024 was 4.92.

FleetPartners Group Receivables Turnover Historical Data

The historical data trend for FleetPartners 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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FleetPartners Group Receivables Turnover Chart

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.59

10.65

12.44

11.54

9.88

FleetPartners Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													5.96	4.65	4.51	4.23	4.92

Competitive Comparison of FleetPartners Group's Receivables Turnover

For the Rental & Leasing Services subindustry, FleetPartners 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.

FleetPartners Group's Receivables Turnover Distribution in the Business Services Industry

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

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

FleetPartners Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	595.077	/ (	(57.958	+	62.526)	/	2 )
=	595.077	/	60.242
=	9.88

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	332.842	/ (	(62.526	+	72.835)	/	2 )
=	332.842	/	67.6805
=	4.92

FleetPartners Group (ASX:FPR) 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.

FleetPartners Group Receivables Turnover Related Terms

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FleetPartners Group (ASX:FPR) Business Description

Industry

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Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

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