RegTech Open Project (LSE:RTOP) Receivables Turnover : 2.46 (As of Dec. 2022)

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What is RegTech Open Project 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. RegTech Open Project's Revenue for the six months ended in Dec. 2022 was £1.10 Mil. RegTech Open Project's average Accounts Receivable for the six months ended in Dec. 2022 was £0.45 Mil. Hence, RegTech Open Project's Receivables Turnover for the six months ended in Dec. 2022 was 2.46.

RegTech Open Project Receivables Turnover Historical Data

The historical data trend for RegTech Open Project'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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RegTech Open Project Receivables Turnover Chart

RegTech Open Project Annual Data

Trend

Dec20

Dec21

Receivables Turnover

1.36

2.95

RegTech Open Project Semi-Annual Data
	Dec20	Dec21	Dec22
Receivables Turnover	1.36	2.95	2.46

Competitive Comparison of RegTech Open Project's Receivables Turnover

For the Software - Application subindustry, RegTech Open Project'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.

RegTech Open Project's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where RegTech Open Project's Receivables Turnover falls into.

RegTech Open Project Receivables Turnover Calculation

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

RegTech Open Project's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	1.307	/ (	(0.427	+	0.459)	/	2 )
=	1.307	/	0.443
=	2.95

RegTech Open Project's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1.098	/ (	(0.459	+	0.434)	/	2 )
=	1.098	/	0.4465
=	2.46

RegTech Open Project (LSE:RTOP) 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.

RegTech Open Project Receivables Turnover Related Terms

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RegTech Open Project (LSE:RTOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RegTech Open Project plc (LSE:RTOP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RM1:Germany

Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.regtechopenproject.co.uk

RegTech Open Project plc is a technology business specialized in regtech that has developed the Orbit Open Platform, an award-winning proprietary software platform focused on OR, which helps its customers navigate an increasingly complex regulatory landscape, maintain a secure and stable operating environment, whilst improving compliance with applicable regulations and standards and reducing the risk of business disruptions. The Orbit Open Platform is a cloud-based SaaS solution that offers a suite of modules and features enabling businesses to achieve OR more efficiently and effectively. By leveraging the cloud, the Orbit Open Platform is able to offer flexibility, scalability, and easy access for businesses of all sizes, sectors and geographies.

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