SmartPay Holdings (NZSE:SPY) Receivables Turnover : 2.46 (As of Mar. 2024)

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What is SmartPay Holdings 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. SmartPay Holdings's Revenue for the six months ended in Mar. 2024 was NZ$49.36 Mil. SmartPay Holdings's average Accounts Receivable for the six months ended in Mar. 2024 was NZ$20.06 Mil. Hence, SmartPay Holdings's Receivables Turnover for the six months ended in Mar. 2024 was 2.46.

SmartPay Holdings Receivables Turnover Historical Data

The historical data trend for SmartPay Holdings'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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SmartPay Holdings Receivables Turnover Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.20

21.36

26.48

37.91

46.63

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.77	3.41	4.01	2.33	2.46

Competitive Comparison of SmartPay Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, SmartPay Holdings'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.

SmartPay Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where SmartPay Holdings's Receivables Turnover falls into.

SmartPay Holdings Receivables Turnover Calculation

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

SmartPay Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	96.277	/ (	(2.159	+	1.97)	/	2 )
=	96.277	/	2.0645
=	46.63

SmartPay Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	49.364	/ (	(38.15	+	1.97)	/	2 )
=	49.364	/	20.06
=	2.46

SmartPay Holdings (NZSE:SPY) 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.

SmartPay Holdings Receivables Turnover Related Terms

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SmartPay Holdings (NZSE:SPY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Receivables Turnover

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SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.