Bluglass (ASX:BLG) Receivables Turnover : 0.53 (As of Dec. 2023)

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What is Bluglass 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. Bluglass's Revenue for the six months ended in Dec. 2023 was A$1.04 Mil. Bluglass's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.96 Mil. Hence, Bluglass's Receivables Turnover for the six months ended in Dec. 2023 was 0.53.

Bluglass Receivables Turnover Historical Data

The historical data trend for Bluglass'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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Bluglass Receivables Turnover Chart

Bluglass Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.25

9.58

5.87

22.00

11.94

Bluglass 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															0.14	0.58	0.31	0.38	0.53

Competitive Comparison of Bluglass's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Bluglass'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.

Bluglass's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Bluglass Receivables Turnover Calculation

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

Bluglass'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 )
=	1.146	/ (	(0.038	+	0.154)	/	2 )
=	1.146	/	0.096
=	11.94

Bluglass'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 )
=	1.044	/ (	(0.154	+	3.771)	/	2 )
=	1.044	/	1.9625
=	0.53

Bluglass (ASX:BLG) 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.

Bluglass Receivables Turnover Related Terms

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Bluglass (ASX:BLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bluglass Ltd (ASX:BLG) » Definitions » Receivables Turnover

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BUGLF:USA

Address

74 Asquith Street, Silverwater, Sydney, NSW, AUS, 2128

Website

https://www.bluglass.com.au

Bluglass Ltd is an Australia-based semiconductor company. It is engaged in research and product development of compound-semiconductor materials, processes, and equipment to manufacture high-value electronics such as laser diodes, LEDs, and micro LEDs. It is working on achieving its technology and commercial milestones using its patented low-temperature Remote Plasma Chemical Vapour Deposition (RPCVD) technology to manufacture semiconductor materials and produce laser diode, LED, and microLED devices. The company operates in two geographical areas being in Australia and the United States. It derives a majority of revenue from Australia.

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