Challenger (ASX:CGF) Receivables Turnover : 0.04 (As of Jun. 2024)

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What is Challenger 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. Challenger's Revenue for the six months ended in Jun. 2024 was A$35.2 Mil. Challenger's average Accounts Receivable for the six months ended in Jun. 2024 was A$797.1 Mil. Hence, Challenger's Receivables Turnover for the six months ended in Jun. 2024 was 0.04.

Challenger Receivables Turnover Historical Data

The historical data trend for Challenger'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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Challenger Receivables Turnover Chart

Challenger Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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2.34

2.51

1.84

0.97

0.80

Challenger Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.85	1.34	-	0.86	0.04

Competitive Comparison of Challenger's Receivables Turnover

For the Insurance - Life subindustry, Challenger'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.

Challenger's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Challenger's Receivables Turnover distribution charts can be found below:

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

Challenger Receivables Turnover Calculation

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

Challenger'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 )
=	635.9	/ (	(697.1	+	890)	/	2 )
=	635.9	/	793.55
=	0.80

Challenger'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 )
=	35.2	/ (	(704.2	+	890)	/	2 )
=	35.2	/	797.1
=	0.04

Challenger (ASX:CGF) 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.

Challenger Receivables Turnover Related Terms

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Challenger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (ASX:CGF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GK9:Germany CGFPC.PFD:Australia

Address

5 Martin Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.challenger.com.au

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an upfront lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

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