PSC Insurance Group (ASX:PSI) Receivables Turnover : 14.56 (As of Jun. 2024)

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What is PSC Insurance Group 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. PSC Insurance Group's Revenue for the six months ended in Jun. 2024 was A$177.3 Mil. PSC Insurance Group's average Accounts Receivable for the six months ended in Jun. 2024 was A$12.2 Mil. Hence, PSC Insurance Group's Receivables Turnover for the six months ended in Jun. 2024 was 14.56.

PSC Insurance Group Receivables Turnover Historical Data

The historical data trend for PSC Insurance Group'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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PSC Insurance Group Receivables Turnover Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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0.40

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial													15.02	14.67	16.88	12.46	14.56

Competitive Comparison of PSC Insurance Group's Receivables Turnover

For the Insurance Brokers subindustry, PSC Insurance Group'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.

PSC Insurance Group's Receivables Turnover Distribution in the Insurance Industry

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

* The bar in red indicates where PSC Insurance Group's Receivables Turnover falls into.

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PSC Insurance Group Receivables Turnover Calculation

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

PSC Insurance Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	329.004	/ (	(0	+	0)	/	1 )
=	329.004	/	0
=	N/A

PSC Insurance Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	177.262	/ (	(12.174	+	0)	/	1 )
=	177.262	/	12.174
=	14.56

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group Receivables Turnover Related Terms

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PSC Insurance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PSC Insurance Group Ltd (ASX:PSI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the UK. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The UK business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.