Smartspace Software (LSE:SMRT) Receivables Turnover : 6.44 (As of Jul. 2023)

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What is Smartspace Software 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. Smartspace Software's Revenue for the six months ended in Jul. 2023 was £2.74 Mil. Smartspace Software's average Accounts Receivable for the six months ended in Jul. 2023 was £0.43 Mil. Hence, Smartspace Software's Receivables Turnover for the six months ended in Jul. 2023 was 6.44.

Smartspace Software Receivables Turnover Historical Data

The historical data trend for Smartspace Software'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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Smartspace Software Receivables Turnover Chart

Smartspace Software Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Receivables Turnover

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0.77

4.07

9.82

7.98

12.07

Smartspace Software Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Receivables Turnover	Get a 7-Day Free Trial															3.73	1.39	4.84	5.15	6.44

Competitive Comparison of Smartspace Software's Receivables Turnover

For the Software - Application subindustry, Smartspace Software'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.

Smartspace Software's Receivables Turnover Distribution in the Software Industry

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

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

Smartspace Software Receivables Turnover Calculation

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

Smartspace Software's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Receivables Turnover (A: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2023 )	/ (	(Accounts Receivable (A: Jan. 2022 )	+	Accounts Receivable (A: Jan. 2023 ))	/	count )
=	5.056	/ (	(0.387	+	0.451)	/	2 )
=	5.056	/	0.419
=	12.07

Smartspace Software's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

	Receivables Turnover (Q: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2023 )	/ (	(Accounts Receivable (Q: Jan. 2023 )	+	Accounts Receivable (Q: Jul. 2023 ))	/	count )
=	2.741	/ (	(0.451	+	0.4)	/	2 )
=	2.741	/	0.4255
=	6.44

Smartspace Software (LSE:SMRT) 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.

Smartspace Software Receivables Turnover Related Terms

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Smartspace Software (LSE:SMRT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartspace Software PLC (LSE:SMRT) » Definitions » Receivables Turnover

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DZV2:Germany DZV2:Germany

Address

4 Fordham House Court, Fordham House Estate, Fordham, Cambridgeshire, GBR, CB7 5LL

Website

https://www.smartspaceplc.com

Smartspace Software PLC is engaged in the development and sale of software products. It is also engaged in the sale and installation of audio-visual hardware products. It operates through the following segments SwipedOn, and Space Connect. The firm generates the majority of revenue from the SwipedOn segment which is engaged in the sale and support of self-service visitor management software to customers throughout the world.