CleanSpace Holdings (ASX:CSX) Receivables Turnover : 2.55 (As of Dec. 2024)

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What is CleanSpace Holdings 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. CleanSpace Holdings's Revenue for the six months ended in Dec. 2024 was A$9.18 Mil. CleanSpace Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was A$3.59 Mil. Hence, CleanSpace Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 2.55.

CleanSpace Holdings Receivables Turnover Historical Data

The historical data trend for CleanSpace Holdings'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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CleanSpace Holdings Receivables Turnover Chart

CleanSpace Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

9.55

8.49

6.57

6.32

CleanSpace Holdings Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial					2.44	2.36	3.16	3.23	2.55

Competitive Comparison of CleanSpace Holdings's Receivables Turnover

For the Medical Devices subindustry, CleanSpace Holdings'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.

CleanSpace Holdings's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CleanSpace Holdings's Receivables Turnover distribution charts can be found below:

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

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CleanSpace Holdings Receivables Turnover Calculation

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

CleanSpace Holdings'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 )
=	15.722	/ (	(2.187	+	2.79)	/	2 )
=	15.722	/	2.4885
=	6.32

CleanSpace Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	9.177	/ (	(2.79	+	4.396)	/	2 )
=	9.177	/	3.593
=	2.55

CleanSpace Holdings (ASX:CSX) 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.

CleanSpace Holdings Receivables Turnover Related Terms

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CleanSpace Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CleanSpace Holdings Ltd (ASX:CSX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5/39 Herbert Street, Saint Leonards, NSW, AUS, 2065

Website

https://www.cleanspacetechnology.com

CleanSpace Holdings Ltd manufactures and sells respirators and related products and services. Its products include Compare, CleanSpace HALO, CleanSpace ULTRA, Masks, Filters, and Compatible Products. The company's operating segment is based on regions that include, Europe, Asia, and North America, and the majority of its revenue is generated from Europe.