Latitude Group Holdings (ASX:LFS) Receivables Turnover : 0.18 (As of Dec. 2024)

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What is Latitude Group 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. Latitude Group Holdings's Revenue for the six months ended in Dec. 2024 was A$542 Mil. Latitude Group Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was A$3,051 Mil. Hence, Latitude Group Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 0.18.

Latitude Group Holdings Receivables Turnover Historical Data

The historical data trend for Latitude Group 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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Latitude Group Holdings Receivables Turnover Chart

Latitude Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

0.16

Latitude Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial				0.14	0.16	-	0.17	0.18

Competitive Comparison of Latitude Group Holdings's Receivables Turnover

For the Credit Services subindustry, Latitude Group 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.

Latitude Group Holdings's Receivables Turnover Distribution in the Credit Services Industry

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

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

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Latitude Group Holdings Receivables Turnover Calculation

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

Latitude Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1063.5	/ (	(0	+	0)	/	1 )
=	1063.5	/	0
=	N/A

Latitude Group 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 )
=	541.5	/ (	(3050.5	+	0)	/	1 )
=	541.5	/	3050.5
=	0.18

Latitude Group Holdings (ASX:LFS) 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.

Latitude Group Holdings Receivables Turnover Related Terms

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Latitude Group Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

130 Lonsdale Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.latitudefinancial.com.au

Latitude Group Holdings Ltd is engaged in the instalments and lending business. Its segments include Australia and New Zealand Pay (A&NZ Pay), Australia and New Zealand Money (A&NZ Money), and Other. The A&NZ Pay segment provides sales finance and credit cards. The A&NZ Money segment offers personal loans and motor loans. The Other segment includes other business activities. It provides payment and finance solutions to merchants and their customers. Customers are provided choice and flexibility, ranging from small everyday purchases to monthly or flexible payment plans for bigger purchases and travel credit cards. These services are offered in Australia, New Zealand, and Asia.