Audinate Group (ASX:AD8) Receivables Turnover : 5.91 (As of Jun. 2024)

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What is Audinate 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. Audinate Group's Revenue for the six months ended in Jun. 2024 was A$44.88 Mil. Audinate Group's average Accounts Receivable for the six months ended in Jun. 2024 was A$7.60 Mil. Hence, Audinate Group's Receivables Turnover for the six months ended in Jun. 2024 was 5.91.

Audinate Group Receivables Turnover Historical Data

The historical data trend for Audinate 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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Audinate Group Receivables Turnover Chart

Audinate Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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15.00

16.41

10.89

13.31

14.22

Audinate Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial										5.66	4.51	6.22	8.02	5.91

Competitive Comparison of Audinate Group's Receivables Turnover

For the Electronic Components subindustry, Audinate 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.

Audinate Group's Receivables Turnover Distribution in the Hardware Industry

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

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

Audinate Group Receivables Turnover Calculation

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

Audinate 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 )
=	91.483	/ (	(4.648	+	8.217)	/	2 )
=	91.483	/	6.4325
=	14.22

Audinate 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 )
=	44.879	/ (	(6.976	+	8.217)	/	2 )
=	44.879	/	7.5965
=	5.91

Audinate Group (ASX:AD8) 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.

Audinate Group Receivables Turnover Related Terms

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Audinate Group Business Description

Industry

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Address

64 Kippax Street, Level 7, Surry Hills, NSW, AUS, 2010

Website

https://www.audinate.com

Audinate is a founder-led networking technology company for the professional AV industry. Audinate's Dante protocol is the world's most widely used protocol for digital audio networking. Over 400 OEM brands license the Dante protocol for over 4,000 products. Audinate has also started offering digital networking solutions for video equipment.

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