Allocate Software (LSE:ALLA) Receivables Turnover : 2.23 (As of May. 2014)

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What is Allocate Software 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. Allocate Software's Revenue for the six months ended in May. 2014 was £22.75 Mil. Allocate Software's average Accounts Receivable for the six months ended in May. 2014 was £10.22 Mil. Hence, Allocate Software's Receivables Turnover for the six months ended in May. 2014 was 2.23.

Allocate Software Receivables Turnover Historical Data

The historical data trend for Allocate Software'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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Allocate Software Receivables Turnover Chart

Allocate Software Annual Data

Trend

May05

May06

May07

May08

May09

May10

May11

May12

May13

May14

Receivables Turnover

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3.56

3.89

3.65

3.44

4.19

Allocate Software Semi-Annual Data
	Nov04	May05	Nov05	May06	Nov06	May07	Nov07	May08	Nov08	May09	Nov09	May10	Nov10	May11	Nov11	May12	Nov12	May13	Nov13	May14
Receivables Turnover	Get a 7-Day Free Trial															1.79	1.29	1.89	1.71	2.23

Competitive Comparison of Allocate Software's Receivables Turnover

For the Software - Application subindustry, Allocate Software'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.

Allocate Software's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Allocate Software's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Allocate Software's Receivables Turnover falls into.

Allocate Software Receivables Turnover Calculation

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

Allocate Software's Receivables Turnover for the fiscal year that ended in May. 2014 is calculated as

	Receivables Turnover (A: May. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2014 )	/ (	(Accounts Receivable (A: May. 2013 )	+	Accounts Receivable (A: May. 2014 ))	/	count )
=	40.022	/ (	(9.425	+	9.701)	/	2 )
=	40.022	/	9.563
=	4.19

Allocate Software's Receivables Turnover for the quarter that ended in May. 2014 is calculated as

	Receivables Turnover (Q: May. 2014 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2014 )	/ (	(Accounts Receivable (Q: Nov. 2013 )	+	Accounts Receivable (Q: May. 2014 ))	/	count )
=	22.746	/ (	(10.739	+	9.701)	/	2 )
=	22.746	/	10.22
=	2.23

Allocate Software (LSE:ALLA) 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.

Allocate Software Receivables Turnover Related Terms

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Allocate Software (LSE:ALLA) Business Description

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http://www.allocatesoftware.com

Allocate Software PLC is engaged in the development, sale and support of workforce management solutions, and the provision of related IT services to major healthcare, defence, government and commercial customers. The business of the company is focused principally on the Healthcare market in addition to Defence. Its segments are Licence, Subscriptions, Support, and Services. Licence and Subscriptions segments represent the sale of non-cancellable software licence agreements and subscriptions associated with that software. Support and Services segments represent the provision of installation, consulting, training and product support. It operates in UK, Europe, USA and Australia.

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