LawFinance (ASX:LAW) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is LawFinance 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. LawFinance's Revenue for the six months ended in Jun. 2023 was A$0.00 Mil. LawFinance's average Accounts Receivable for the six months ended in Jun. 2023 was A$0.20 Mil.

LawFinance Receivables Turnover Historical Data

The historical data trend for LawFinance'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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LawFinance Receivables Turnover Chart

LawFinance Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.37

LawFinance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of LawFinance's Receivables Turnover

For the Credit Services subindustry, LawFinance'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.

LawFinance's Receivables Turnover Distribution in the Credit Services Industry

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

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

LawFinance Receivables Turnover Calculation

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

LawFinance's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	-25.219	/ (	(0	+	0)	/	1 )
=	-25.219	/	0
=	N/A

LawFinance's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0.198)	/	1 )
=	0	/	0.198
=	N/A

LawFinance (ASX:LAW) 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.

LawFinance Receivables Turnover Related Terms

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LawFinance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LawFinance Ltd (ASX:LAW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

49-51 Queens Road, Suite 335, Five Dock, NSW, AUS, 2046

Website

https://www.justkapital.com.au

LawFinance Ltd is engaged in the disbursement funding and short-term funding business in Australia and the United States. It operates through three segments, JustKapital Finance; National Health Finance and Litigation Funding. The company offers appeal, estate, portfolio, and settlement finance services; and provides investigation and management services, and finance to claimants to progress their claim. It also offers disbursement funding solutions for law firms; insurance broking for the placement of after the event insurance; and revolving lines of credit and custom-designed financing solutions.