TheWorks.Co.uk (LSE:WRKS) Receivables Turnover : 20.01 (As of Oct. 2023)

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What is TheWorks.Co.uk 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. TheWorks.Co.uk's Revenue for the six months ended in Oct. 2023 was £122.6 Mil. TheWorks.Co.uk's average Accounts Receivable for the six months ended in Oct. 2023 was £6.1 Mil. Hence, TheWorks.Co.uk's Receivables Turnover for the six months ended in Oct. 2023 was 20.01.

TheWorks.Co.uk Receivables Turnover Historical Data

The historical data trend for TheWorks.Co.uk'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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TheWorks.Co.uk Receivables Turnover Chart

TheWorks.Co.uk Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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1,188.36

415.97

118.63

109.80

102.41

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial										13.59	17.00	18.19	24.18	20.01

Competitive Comparison of TheWorks.Co.uk's Receivables Turnover

For the Specialty Retail subindustry, TheWorks.Co.uk'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.

TheWorks.Co.uk's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TheWorks.Co.uk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TheWorks.Co.uk's Receivables Turnover falls into.

TheWorks.Co.uk Receivables Turnover Calculation

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

TheWorks.Co.uk's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	280.102	/ (	(2.606	+	2.864)	/	2 )
=	280.102	/	2.735
=	102.41

TheWorks.Co.uk's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	122.575	/ (	(2.864	+	9.39)	/	2 )
=	122.575	/	6.127
=	20.01

TheWorks.Co.uk (LSE:WRKS) 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.

TheWorks.Co.uk Receivables Turnover Related Terms

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TheWorks.Co.uk (LSE:WRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TheWorks.Co.uk PLC (LSE:WRKS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill, Birmingham, GBR, B46 1AL

Website

https://www.theworks.co.uk

TheWorks.Co.uk PLC is a multi-channel specialist retailers. The company's product categories include Books, Stationery, Arts and crafts, and Toys and games. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in EU countries. Some of the company brands include Boldmere, Brain Maze, CMYK Design Works, Corner Piece, Crawford and Black, Easter Wishes, Explore, Learn, Discover, Fun Workz, Make and Create Boutique, The Craft Place, and others. It has one operating segment with two revenue streams, in store and online.

TheWorks.Co.uk (LSE:WRKS) Headlines

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