FireAngelfety Technology Group (LSE:FA.) Receivables Turnover : 1.92 (As of Jun. 2023)

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What is FireAngelfety Technology 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. FireAngelfety Technology Group's Revenue for the six months ended in Jun. 2023 was £21.45 Mil. FireAngelfety Technology Group's average Accounts Receivable for the six months ended in Jun. 2023 was £11.20 Mil. Hence, FireAngelfety Technology Group's Receivables Turnover for the six months ended in Jun. 2023 was 1.92.

FireAngelfety Technology Group Receivables Turnover Historical Data

The historical data trend for FireAngelfety Technology 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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FireAngelfety Technology Group Receivables Turnover Chart

FireAngelfety Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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2.79

4.57

4.07

5.07

5.92

FireAngelfety Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.37	2.46	2.38	2.54	1.92

Competitive Comparison of FireAngelfety Technology Group's Receivables Turnover

For the Security & Protection Services subindustry, FireAngelfety Technology 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.

FireAngelfety Technology Group's Receivables Turnover Distribution in the Business Services Industry

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

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

FireAngelfety Technology Group Receivables Turnover Calculation

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

FireAngelfety Technology Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	57.461	/ (	(7.855	+	11.565)	/	2 )
=	57.461	/	9.71
=	5.92

FireAngelfety Technology Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	21.448	/ (	(11.565	+	10.832)	/	2 )
=	21.448	/	11.1985
=	1.92

FireAngelfety Technology Group (LSE:FA.) 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.

FireAngelfety Technology Group Receivables Turnover Related Terms

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FireAngelfety Technology Group (LSE:FA.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FireAngel Safety Technology Group PLC (LSE:FA.) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SPRP.GB:UK

Address

Sir William Lyons Road, The `Vanguard Centre, Coventry, West Midlands, GBR, CV4 7EZ

Website

https://www.fireangeltech.com

FireAngel Safety Technology Group PLC is a UK-based company, which is focused on providing market-foremost smoke detectors, carbon monoxide detectors, and other home safety products. Geographically, it derives majority of its revenue from the United Kingdom and has a presence throughout Continental Europe. It generates revenue from an operation such as International, Trade, Retail, Fire and Rescue Services, Utilities, and Pace Sensors. The company offers products under various brands which include FireAngel, AngelEye, FireAngel Pro, FireAngel Connect, and Pace Sensors.

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