Cape Range (ASX:CAG) Receivables Turnover : 0.87 (As of Jun. 2024)

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What is Cape Range 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. Cape Range's Revenue for the six months ended in Jun. 2024 was A$0.29 Mil. Cape Range's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.34 Mil. Hence, Cape Range's Receivables Turnover for the six months ended in Jun. 2024 was 0.87.

Cape Range Receivables Turnover Historical Data

The historical data trend for Cape Range'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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Cape Range Receivables Turnover Chart

Cape Range Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.34

1.08

1.02

2.18

2.33

Cape Range Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial									0.77	3.57	2.61	1.09	0.87

Competitive Comparison of Cape Range's Receivables Turnover

For the Software - Application subindustry, Cape Range'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.

Cape Range's Receivables Turnover Distribution in the Software Industry

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

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

Cape Range Receivables Turnover Calculation

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

Cape Range's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.607	/ (	(0.039	+	0.483)	/	2 )
=	0.607	/	0.261
=	2.33

Cape Range'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 )
=	0.294	/ (	(0.483	+	0.196)	/	2 )
=	0.294	/	0.3395
=	0.87

Cape Range (ASX:CAG) 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.

Cape Range Receivables Turnover Related Terms

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Cape Range Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cape Range Ltd (ASX:CAG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Prestwick Drive, Twin Waters, Maroochydore, QLD, AUS, 4564

Website

https://www.caperange.com.au

Cape Range Ltd is engaged in providing accounting and business intelligence software solutions. Its software solutions cater mainly to small and medium enterprises. It derives revenue from Sales of packaged accounting and business management software, including the warehouse management system. Geographically solutions are offered in Australia and Malaysia.