Phoenix Group (ADX:PHX) Receivables Turnover : 12.09 (As of Sep. 2024)

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What is Phoenix 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. Phoenix Group's Revenue for the three months ended in Sep. 2024 was د.إ573 Mil. Phoenix Group's average Accounts Receivable for the three months ended in Sep. 2024 was د.إ47 Mil. Hence, Phoenix Group's Receivables Turnover for the three months ended in Sep. 2024 was 12.09.

Phoenix Group Receivables Turnover Historical Data

The historical data trend for Phoenix 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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Phoenix Group Receivables Turnover Chart

Phoenix Group Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

0.43

3.65

16.70

Phoenix Group Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial				7.37	6.83	1.98	4.54	12.09

Competitive Comparison of Phoenix Group's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Phoenix 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.

Phoenix Group's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Phoenix Group's Receivables Turnover distribution charts can be found below:

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

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Phoenix Group Receivables Turnover Calculation

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

Phoenix Group'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 )
=	1058.517	/ (	(5.352	+	121.437)	/	2 )
=	1058.517	/	63.3945
=	16.70

Phoenix Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	573.407	/ (	(60.348	+	34.545)	/	2 )
=	573.407	/	47.4465
=	12.09

Phoenix Group (ADX:PHX) 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.

Phoenix Group Receivables Turnover Related Terms

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Phoenix Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Phoenix Group PLC (ADX:PHX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3412. ResCo-Work 10, 34 Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.phoenixgroupuae.com

Phoenix Group PLC is a technology conglomerate bringing blockchain solutions to an expansive market. The Group develops, operates, and manages specialized data centres, hosting class performance computing power for digital asset across the UAE, Oman, U.S. and Canada. Additionally, it also hosts, operates and maintains equipment within its existing data centres and enables investment opportunities within cloud mining. The Group is the exclusive distributor of equipment manufacturer MicroBT and prominent distributor of Digital wallet Ledgers and CoolWallets, across the Middle East. The Group has four business verticals including trading, hosting, mining and investments.