Loungers (LSE:LGRS) Receivables Turnover : 37.64 (As of Oct. 2023)

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What is Loungers 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. Loungers's Revenue for the six months ended in Oct. 2023 was £149.6 Mil. Loungers's average Accounts Receivable for the six months ended in Oct. 2023 was £4.0 Mil. Hence, Loungers's Receivables Turnover for the six months ended in Oct. 2023 was 37.64.

Loungers Receivables Turnover Historical Data

The historical data trend for Loungers'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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Loungers Receivables Turnover Chart

Loungers Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Receivables Turnover

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56.36

72.56

450.61

190.16

756.91

Loungers Semi-Annual Data
	Apr16	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial									68.04	81.53	58.28	69.19	37.64

Competitive Comparison of Loungers's Receivables Turnover

For the Restaurants subindustry, Loungers'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.

Loungers's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Loungers's Receivables Turnover distribution charts can be found below:

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

Loungers Receivables Turnover Calculation

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

Loungers's Receivables Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Receivables Turnover (A: Apr. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2022 )	/ (	(Accounts Receivable (A: Apr. 2021 )	+	Accounts Receivable (A: Apr. 2022 ))	/	count )
=	237.291	/ (	(0.163	+	0.464)	/	2 )
=	237.291	/	0.3135
=	756.91

Loungers's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	149.619	/ (	(0.925	+	7.024)	/	2 )
=	149.619	/	3.9745
=	37.64

Loungers (LSE:LGRS) 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.

Loungers Receivables Turnover Related Terms

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Loungers (LSE:LGRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Loungers PLC (LSE:LGRS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LP0:Germany

Address

26 Baldwin Street, Bristol, GBR, BS1 1SE

Website

https://www.loungers.co.uk

Loungers PLC is an operator of cafe bars and restaurants. Geographically, it operates only in the United Kingdom. It generates revenue from the sale of food and drink.

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