Pennant International Group (LSE:PEN) Receivables Turnover : 2.27 (As of Jun. 2023)

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What is Pennant International 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. Pennant International Group's Revenue for the six months ended in Jun. 2023 was £7.09 Mil. Pennant International Group's average Accounts Receivable for the six months ended in Jun. 2023 was £3.12 Mil. Hence, Pennant International Group's Receivables Turnover for the six months ended in Jun. 2023 was 2.27.

Pennant International Group Receivables Turnover Historical Data

The historical data trend for Pennant International 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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Pennant International Group Receivables Turnover Chart

Pennant International Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.73

6.78

4.34

6.01

6.96

Pennant International 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															2.10	3.07	1.97	1.88	2.27

Competitive Comparison of Pennant International Group's Receivables Turnover

For the Software - Application subindustry, Pennant International 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.

Pennant International Group's Receivables Turnover Distribution in the Software Industry

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

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

Pennant International Group Receivables Turnover Calculation

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

Pennant International 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 )
=	13.686	/ (	(1.895	+	2.036)	/	2 )
=	13.686	/	1.9655
=	6.96

Pennant International 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 )
=	7.092	/ (	(2.036	+	4.204)	/	2 )
=	7.092	/	3.12
=	2.27

Pennant International Group (LSE:PEN) 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.

Pennant International Group Receivables Turnover Related Terms

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Pennant International Group (LSE:PEN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Old Gloucester Road, Unit D1 Staverton Connection, Cheltenham, Gloucestershire, GBR, GL51 6TL

Website

https://www.pennantplc.co.uk

Pennant International Group PLC is engaged in the delivery of integrated support solutions. The company has two operating segments: Technical Training, and Integrated Product Support. It offers a range of services that cover training equipment, hardware, and related support, including simulation, virtual reality, and computer-based training, technical documentation, media development, software development, and related consultancy. It operates in four geographical areas - the United Kingdom, USA, Canada, and Australia of which the United Kingdom contributes majority of the total revenue. It operates in a broad spectrum of market sectors, including the defense, rail, power and aerospace sectors and with government departments.