Praemium (ASX:PPS) Receivables Turnover : 10.97 (As of Dec. 2023)

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What is Praemium 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. Praemium's Revenue for the six months ended in Dec. 2023 was A$38.53 Mil. Praemium's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.51 Mil. Hence, Praemium's Receivables Turnover for the six months ended in Dec. 2023 was 10.97.

Praemium Receivables Turnover Historical Data

The historical data trend for Praemium'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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Praemium Receivables Turnover Chart

Praemium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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12.07

16.21

20.01

20.44

23.98

Praemium 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															10.83	11.44	8.09	9.03	10.97

Competitive Comparison of Praemium's Receivables Turnover

For the Capital Markets subindustry, Praemium'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.

Praemium's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Praemium's Receivables Turnover distribution charts can be found below:

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

Praemium Receivables Turnover Calculation

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

Praemium'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 )
=	74.294	/ (	(3.179	+	3.018)	/	2 )
=	74.294	/	3.0985
=	23.98

Praemium'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 )
=	38.531	/ (	(3.018	+	4.004)	/	2 )
=	38.531	/	3.511
=	10.97

Praemium (ASX:PPS) 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.

Praemium Receivables Turnover Related Terms

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Praemium (ASX:PPS) Business Description

Industry

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Address

367 Collins Street, Level 19, Melbourne, VIC, AUS, 3000

Website

https://www.praemium.com

Praemium Ltd is a provider of portfolio administration, investment platforms, and financial planning tools to the wealth management industry. Its clients are predominantly firms that provide financial advice to investors, namely financial advisers, brokers, accountants, investment managers, banks, and other financial providers such as superannuation administrators. The company has two reportable segments: Australia, and International. It derives majority of its revenues from Australia.