Bisalloy Steel Group (ASX:BIS) Receivables Turnover : 3.23 (As of Dec. 2023)

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What is Bisalloy Steel 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. Bisalloy Steel Group's Revenue for the six months ended in Dec. 2023 was A$76.6 Mil. Bisalloy Steel Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$23.7 Mil. Hence, Bisalloy Steel Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.23.

Bisalloy Steel Group Receivables Turnover Historical Data

The historical data trend for Bisalloy Steel 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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Bisalloy Steel Group Receivables Turnover Chart

Bisalloy Steel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.29

6.37

5.28

4.79

6.18

Bisalloy Steel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.00	3.13	2.89	2.91	3.23

Competitive Comparison of Bisalloy Steel Group's Receivables Turnover

For the Steel subindustry, Bisalloy Steel 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.

Bisalloy Steel Group's Receivables Turnover Distribution in the Steel Industry

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

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

Bisalloy Steel Group Receivables Turnover Calculation

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

Bisalloy Steel 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 )
=	153.139	/ (	(26.21	+	23.321)	/	2 )
=	153.139	/	24.7655
=	6.18

Bisalloy Steel 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 )
=	76.648	/ (	(23.321	+	24.163)	/	2 )
=	76.648	/	23.742
=	3.23

Bisalloy Steel Group (ASX:BIS) 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.

Bisalloy Steel Group Receivables Turnover Related Terms

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Bisalloy Steel Group (ASX:BIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bisalloy Steel Group Ltd (ASX:BIS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

18 Resolution Drive, Unanderra, Wollongong, NSW, AUS, 2526

Website

https://www.bisalloy.com.au

Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations. The company's products are marketed under the BISALLOY brand name.