QinetiQ Group (QinetiQ Group) Receivables Turnover : 2.68 (As of Sep. 2023)

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What is QinetiQ Group 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. QinetiQ Group's Revenue for the six months ended in Sep. 2023 was $1,093 Mil. QinetiQ Group's average Accounts Receivable for the six months ended in Sep. 2023 was $408 Mil. Hence, QinetiQ Group's Receivables Turnover for the six months ended in Sep. 2023 was 2.68.

QinetiQ Group Receivables Turnover Historical Data

The historical data trend for QinetiQ Group'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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QinetiQ Group Receivables Turnover Chart

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.41

6.27

4.55

5.17

8.26

QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.84	3.01	2.64	3.46	2.68

Competitive Comparison of QinetiQ Group's Receivables Turnover

For the Aerospace & Defense subindustry, QinetiQ Group'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.

QinetiQ Group's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, QinetiQ Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where QinetiQ Group's Receivables Turnover falls into.

QinetiQ Group Receivables Turnover Calculation

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

QinetiQ Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1918.325	/ (	(203.426	+	260.922)	/	2 )
=	1918.325	/	232.174
=	8.26

QinetiQ Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1092.946	/ (	(260.922	+	555.322)	/	2 )
=	1092.946	/	408.122
=	2.68

QinetiQ Group (OTCPK:QNTQY) 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.

QinetiQ Group Receivables Turnover Related Terms

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QinetiQ Group (QinetiQ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

QNTQF:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).