Spirent Communications (Spirent Communications) Receivables Turnover : 2.19 (As of Dec. 2023)

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What is Spirent Communications 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. Spirent Communications's Revenue for the six months ended in Dec. 2023 was $250.4 Mil. Spirent Communications's average Accounts Receivable for the six months ended in Dec. 2023 was $114.1 Mil. Hence, Spirent Communications's Receivables Turnover for the six months ended in Dec. 2023 was 2.19.

Spirent Communications Receivables Turnover Historical Data

The historical data trend for Spirent Communications'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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Spirent Communications Receivables Turnover Chart

Spirent Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.00

4.23

4.30

4.17

3.71

Spirent Communications 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															2.39	2.02	2.43	1.74	2.19

Competitive Comparison of Spirent Communications's Receivables Turnover

For the Software - Infrastructure subindustry, Spirent Communications'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.

Spirent Communications's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Spirent Communications's Receivables Turnover falls into.

Spirent Communications Receivables Turnover Calculation

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

Spirent Communications's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	474.3	/ (	(142.4	+	113.3)	/	2 )
=	474.3	/	127.85
=	3.71

Spirent Communications'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 )
=	250.4	/ (	(114.9	+	113.3)	/	2 )
=	250.4	/	114.1
=	2.19

Spirent Communications (OTCPK:SPMYY) 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.

Spirent Communications Receivables Turnover Related Terms

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Spirent Communications (Spirent Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spirent Communications PLC (OTCPK:SPMYY) » Definitions » Receivables Turnover

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SPNUF:USA SPTl:UK SPT:UK BW8:Germany

Address

108 High Street, Origin One, Crawley, West Sussex, GBR, RH10 1BD

Website

https://corporate.spirent.com

Spirent Communications PLC provides communications technologies including networks, data centers, enterprise IT, mobile communications, connected vehicles or the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment that comprises Cloud IP, Application Security and Positioning lines of business with the aim of addressing the needs of the lab test market for Ethernet, Virtual, Data Center, applications test and timing for critical infrastructure.