Peppermint Innovation (ASX:PIL) Receivables Turnover : 1.09 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Peppermint Innovation 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. Peppermint Innovation's Revenue for the six months ended in Dec. 2023 was A$0.16 Mil. Peppermint Innovation's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.15 Mil. Hence, Peppermint Innovation's Receivables Turnover for the six months ended in Dec. 2023 was 1.09.

Peppermint Innovation Receivables Turnover Historical Data

The historical data trend for Peppermint Innovation'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.

* Premium members only.

Peppermint Innovation Receivables Turnover Chart

Peppermint Innovation Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

17.69

49.84

40.38

39.19

9.40

Peppermint Innovation Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															20.78	7.34	2.01	0.87	1.09

Competitive Comparison of Peppermint Innovation's Receivables Turnover

For the Software - Infrastructure subindustry, Peppermint Innovation'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.

Peppermint Innovation's Receivables Turnover Distribution in the Software Industry

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

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

Peppermint Innovation Receivables Turnover Calculation

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

Peppermint Innovation'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 )
=	0.376	/ (	(0.04	+	0.04)	/	2 )
=	0.376	/	0.04
=	9.40

Peppermint Innovation'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 )
=	0.162	/ (	(0.04	+	0.256)	/	2 )
=	0.162	/	0.148
=	1.09

Peppermint Innovation (ASX:PIL) 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.

Peppermint Innovation Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Peppermint Innovation's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Peppermint Innovation (ASX:PIL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Murray Street, Off Raine Lane, Level 2 East, The Wentworth Building, Perth, WA, AUS, 6000

Website

https://www.pepltd.com.au

Peppermint Innovation Ltd focused on the commercialisation, deployment, and further development of the Peppermint Platform which is focused on the development of a proprietary financial technology solution aimed at delivering financial inclusion to the unbanked and underbanked, facilitating mobile micro business enterprise and providing consumer convenience. The Company operates in three segments: Mobile Banking and Payment Services, which is the key revenue generator; International Remittance; corporate and Head Office.

Peppermint Innovation (ASX:PIL) Headlines

No Headlines