The GO2 People (ASX:GO2) Receivables Turnover : 5.32 (As of Dec. 2022)

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What is The GO2 People 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. The GO2 People's Revenue for the six months ended in Dec. 2022 was A$43.17 Mil. The GO2 People's average Accounts Receivable for the six months ended in Dec. 2022 was A$8.12 Mil. Hence, The GO2 People's Receivables Turnover for the six months ended in Dec. 2022 was 5.32.

The GO2 People Receivables Turnover Historical Data

The historical data trend for The GO2 People'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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The GO2 People Receivables Turnover Chart

The GO2 People Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Receivables Turnover

3.56

4.30

4.47

5.01

8.97

The GO2 People Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Receivables Turnover	Get a 7-Day Free Trial						2.85	2.91	4.78	4.64	5.32

Competitive Comparison of The GO2 People's Receivables Turnover

For the Staffing & Employment Services subindustry, The GO2 People'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.

The GO2 People's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The GO2 People's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The GO2 People's Receivables Turnover falls into.

The GO2 People Receivables Turnover Calculation

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

The GO2 People's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	73.716	/ (	(7.589	+	8.849)	/	2 )
=	73.716	/	8.219
=	8.97

The GO2 People's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	43.17	/ (	(8.849	+	7.391)	/	2 )
=	43.17	/	8.12
=	5.32

The GO2 People (ASX:GO2) 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.

The GO2 People Receivables Turnover Related Terms

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The GO2 People (ASX:GO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The GO2 People Ltd (ASX:GO2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3/271 Berkshire Road, Forrestfield, Perth, WA, AUS, 6058

Website

https://www.thego2people.com.au

The GO2 People Ltd is one of the providers of vertically integrated recruitment and building services to industries throughout Australia. The company derives a majority of its revenue from Recruitment income.

The GO2 People (ASX:GO2) Headlines

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