Likewise Group (FRA:7RL) Receivables Turnover : 5.68 (As of Dec. 2023)

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What is Likewise 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. Likewise Group's Revenue for the six months ended in Dec. 2023 was €84.7 Mil. Likewise Group's average Accounts Receivable for the six months ended in Dec. 2023 was €14.9 Mil. Hence, Likewise Group's Receivables Turnover for the six months ended in Dec. 2023 was 5.68.

Likewise Group Receivables Turnover Historical Data

The historical data trend for Likewise 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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Likewise Group Receivables Turnover Chart

Likewise Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.83

7.41

8.88

12.74

11.61

Likewise Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				3.83	4.80	4.78	5.38	5.68

Competitive Comparison of Likewise Group's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Likewise 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.

Likewise Group's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Likewise Group's Receivables Turnover distribution charts can be found below:

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

Likewise Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	161.97	/ (	(13.459	+	14.432)	/	2 )
=	161.97	/	13.9455
=	11.61

Likewise Group'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 )
=	84.67	/ (	(15.382	+	14.432)	/	2 )
=	84.67	/	14.907
=	5.68

Likewise Group (FRA:7RL) 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.

Likewise Group Receivables Turnover Related Terms

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Likewise Group (FRA:7RL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Likewise Group PLC (FRA:7RL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LIKE:UK

Address

Radial way,, Unit 4 Radial Park, Birmingham Business Park,, Solihull, GBR, B37 7WN

Website

https://www.likewiseplc.com

Likewise Group Plc is a distributor of floorcoverings and mattings. The company's products include residential carpets, commercial carpets, and laminate. Geographically, the company derives a majority of its revenue from the United Kingdom followed by the Rest of Europe and the Rest of the world.

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