Lords Group Trading (LSE:LORD) Receivables Turnover : 3.84 (As of Dec. 2023)

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What is Lords Group Trading 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. Lords Group Trading's Revenue for the six months ended in Dec. 2023 was £240.0 Mil. Lords Group Trading's average Accounts Receivable for the six months ended in Dec. 2023 was £62.5 Mil. Hence, Lords Group Trading's Receivables Turnover for the six months ended in Dec. 2023 was 3.84.

Lords Group Trading Receivables Turnover Historical Data

The historical data trend for Lords Group Trading'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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Lords Group Trading Receivables Turnover Chart

Lords Group Trading Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.36

5.94

7.02

8.06

7.19

Lords Group Trading Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					3.75	3.79	3.84	3.78	3.84

Competitive Comparison of Lords Group Trading's Receivables Turnover

For the Industrial Distribution subindustry, Lords Group Trading'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.

Lords Group Trading's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Lords Group Trading's Receivables Turnover distribution charts can be found below:

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

Lords Group Trading Receivables Turnover Calculation

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

Lords Group Trading'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 )
=	462.601	/ (	(60.673	+	68.083)	/	2 )
=	462.601	/	64.378
=	7.19

Lords Group Trading'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 )
=	240.049	/ (	(56.942	+	68.083)	/	2 )
=	240.049	/	62.5125
=	3.84

Lords Group Trading (LSE:LORD) 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.

Lords Group Trading Receivables Turnover Related Terms

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Lords Group Trading (LSE:LORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Lords Group Trading PLC (LSE:LORD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7S6:Germany

Address

12-15 Hanger Green, 2nd Floor, London, GBR, W5 3EL

Website

https://www.lordsgrouptradingplc.co.uk

Lords Group Trading PLC is a distributor of building, plumbing, heating, and DIY goods. The group principally sells to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and retails directly to the public. Its operating two divisions include Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities; Heating and Plumbing: a distributor in the UK of heating and plumbing products to a UK network of independent merchants, installers and the general public. It focused on the growing Repairs, Maintenance, and Improvement (RMI) market, and construction market. Its main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies.

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