Acusensus (ASX:ACE) Receivables Turnover : 7.88 (As of Jun. 2023)

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What is Acusensus 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. Acusensus's Revenue for the six months ended in Jun. 2023 was A$42.01 Mil. Acusensus's average Accounts Receivable for the six months ended in Jun. 2023 was A$5.33 Mil. Hence, Acusensus's Receivables Turnover for the six months ended in Jun. 2023 was 7.88.

Acusensus Receivables Turnover Historical Data

The historical data trend for Acusensus'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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Acusensus Receivables Turnover Chart

Acusensus Annual Data

Trend

Jun22

Jun23

Receivables Turnover

7.88

Acusensus Semi-Annual Data
	Jun22	Jun23
Receivables Turnover	-	7.88

Competitive Comparison of Acusensus's Receivables Turnover

For the Software - Infrastructure subindustry, Acusensus'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.

Acusensus's Receivables Turnover Distribution in the Software Industry

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

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

Acusensus Receivables Turnover Calculation

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

Acusensus's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	42.005	/ (	(3.638	+	7.019)	/	2 )
=	42.005	/	5.3285
=	7.88

Acusensus's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	42.005	/ (	(3.638	+	7.019)	/	2 )
=	42.005	/	5.3285
=	7.88

Acusensus (ASX:ACE) 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.

Acusensus Receivables Turnover Related Terms

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Acusensus (ASX:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Acusensus Ltd (ASX:ACE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acusensus.com

Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia.

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