Seeing Machines (LSE:SEE) Receivables Turnover : 0.91 (As of Dec. 2023)

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What is Seeing Machines 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. Seeing Machines's Revenue for the six months ended in Dec. 2023 was £13.61 Mil. Seeing Machines's average Accounts Receivable for the six months ended in Dec. 2023 was £15.03 Mil. Hence, Seeing Machines's Receivables Turnover for the six months ended in Dec. 2023 was 0.91.

Seeing Machines Receivables Turnover Historical Data

The historical data trend for Seeing Machines'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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Seeing Machines Receivables Turnover Chart

Seeing Machines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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1.84

3.49

3.30

2.51

2.61

Seeing Machines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.87	1.96	1.18	2.35	0.91

Competitive Comparison of Seeing Machines's Receivables Turnover

For the Software - Infrastructure subindustry, Seeing Machines'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.

Seeing Machines's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Seeing Machines's Receivables Turnover distribution charts can be found below:

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

Seeing Machines Receivables Turnover Calculation

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

Seeing Machines's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	46.391	/ (	(14.961	+	20.631)	/	2 )
=	46.391	/	17.796
=	2.61

Seeing Machines'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 )
=	13.608	/ (	(20.631	+	9.431)	/	2 )
=	13.608	/	15.031
=	0.91

Seeing Machines (LSE:SEE) 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.

Seeing Machines Receivables Turnover Related Terms

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Seeing Machines (LSE:SEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Seeing Machines Ltd (LSE:SEE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SEEMF:USA SEE.GB:UK M2Z:Germany

Address

80 Mildura Street, Fyshwick, Canberra, ACT, AUS, 2609

Website

https://www.seeingmachines.com

Seeing Machines Ltd develops and sells driver monitoring technology. It specializes in computer vision algorithms that precisely track eye gaze, head position, and pupil size. The company's operating segment includes OEM; Aftermarket and Other. It generates maximum revenue from the Aftermarket segment. Geographically, it derives a majority of revenue from North America and also has a presence in Australia; Asia-Pacific; Europe, and Other Countries.