Activeport Group (ASX:ATV) Receivables Turnover : 2.33 (As of Dec. 2023)

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What is Activeport 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. Activeport Group's Revenue for the six months ended in Dec. 2023 was A$9.06 Mil. Activeport Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.89 Mil. Hence, Activeport Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.33.

Activeport Group Receivables Turnover Historical Data

The historical data trend for Activeport 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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Activeport Group Receivables Turnover Chart

Activeport Group Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

6.68

7.43

Activeport Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	1.15	2.08	2.49	2.21	2.33

Competitive Comparison of Activeport Group's Receivables Turnover

For the Information Technology Services subindustry, Activeport 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.

Activeport Group's Receivables Turnover Distribution in the Software Industry

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

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

Activeport Group Receivables Turnover Calculation

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

Activeport Group'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 )
=	19.405	/ (	(1.675	+	3.546)	/	2 )
=	19.405	/	2.6105
=	7.43

Activeport Group'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 )
=	9.056	/ (	(3.546	+	4.241)	/	2 )
=	9.056	/	3.8935
=	2.33

Activeport Group (ASX:ATV) 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.

Activeport Group Receivables Turnover Related Terms

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Activeport Group (ASX:ATV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Activeport Group Ltd (ASX:ATV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 St Georges Terrace, Level 28, West Perth, Perth, WA, AUS, 6000

Website

https://www.activeport.com.au

Activeport Group Ltd is engaged in the information technology-related business involving unique edge-to-cloud integrated service. It provides software used to orchestrate network connectivity from the Virtual Edge of the network at a customer's premises to data and Cloud services.