DUG Technology (ASX:DUG) Receivables Turnover : 2.66 (As of Dec. 2023)

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What is DUG Technology 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. DUG Technology's Revenue for the six months ended in Dec. 2023 was A$44.80 Mil. DUG Technology's average Accounts Receivable for the six months ended in Dec. 2023 was A$16.85 Mil. Hence, DUG Technology's Receivables Turnover for the six months ended in Dec. 2023 was 2.66.

DUG Technology Receivables Turnover Historical Data

The historical data trend for DUG Technology'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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DUG Technology Receivables Turnover Chart

DUG Technology Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

5.96

6.18

9.03

DUG Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.75	2.98	3.39	3.11	2.66

Competitive Comparison of DUG Technology's Receivables Turnover

For the Information Technology Services subindustry, DUG Technology'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.

DUG Technology's Receivables Turnover Distribution in the Software Industry

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

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

DUG Technology Receivables Turnover Calculation

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

DUG Technology'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 )
=	75.913	/ (	(7.057	+	9.762)	/	2 )
=	75.913	/	8.4095
=	9.03

DUG Technology'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 )
=	44.799	/ (	(9.762	+	23.94)	/	2 )
=	44.799	/	16.851
=	2.66

DUG Technology (ASX:DUG) 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.

DUG Technology Receivables Turnover Related Terms

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DUG Technology (ASX:DUG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

https://www.dug.com

DUG Technology Ltd is a technology company providing high performance computing as a service (HPCaaS), scientific data analysis services, and software solutions for the technology and resource sectors. Also, the company offers data management, multi-tiered support for optimising third-party algorithms, and integrated scientific software and services. The company has Three reportable segments which includes HPCaaS, Services, and Software segments and the company generates majority of its revenue from services segment.