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AJLGF (AJ Lucas Group) Receivables Turnover : 3.94 (As of Jun. 2024)


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What is AJ Lucas 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. AJ Lucas Group's Revenue for the six months ended in Jun. 2024 was $54.1 Mil. AJ Lucas Group's average Accounts Receivable for the six months ended in Jun. 2024 was $13.7 Mil. Hence, AJ Lucas Group's Receivables Turnover for the six months ended in Jun. 2024 was 3.94.


AJ Lucas Group Receivables Turnover Historical Data

The historical data trend for AJ Lucas 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.

* Premium members only.

AJ Lucas Group Receivables Turnover Chart

AJ Lucas Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.41 7.06 9.36 9.08 7.68

AJ Lucas Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.80 5.47 3.63 3.40 3.94

Competitive Comparison of AJ Lucas Group's Receivables Turnover

For the Coking Coal subindustry, AJ Lucas 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.


AJ Lucas Group's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, AJ Lucas Group's Receivables Turnover distribution charts can be found below:

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



AJ Lucas Group Receivables Turnover Calculation

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

AJ Lucas Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=105.647 / ((15.297 + 12.222) / 2 )
=105.647 / 13.7595
=7.68

AJ Lucas Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=54.123 / ((15.258 + 12.222) / 2 )
=54.123 / 13.74
=3.94

* 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.


AJ Lucas Group  (OTCPK:AJLGF) 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.


AJ Lucas Group Receivables Turnover Related Terms

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AJ Lucas Group Business Description

Traded in Other Exchanges
Address
167 Eagle Street, Level 22, Emirates House, Brisbane, QLD, AUS, 4000
AJ Lucas Group Ltd is a provider of drilling services in Australia in the coal sector, but also in the wider energy, water, and wastewater and resources sectors. The company is structured into two principal operating segments: Drilling and UK Oil & Gas Operations. All of the company's revenues are generated from the Drilling segment in Australia.

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