QANTM Intellectual Property (ASX:QIP) Receivables Turnover : 1.82 (As of Dec. 2023)

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What is QANTM Intellectual Property 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. QANTM Intellectual Property's Revenue for the six months ended in Dec. 2023 was A$74.2 Mil. QANTM Intellectual Property's average Accounts Receivable for the six months ended in Dec. 2023 was A$40.9 Mil. Hence, QANTM Intellectual Property's Receivables Turnover for the six months ended in Dec. 2023 was 1.82.

QANTM Intellectual Property Receivables Turnover Historical Data

The historical data trend for QANTM Intellectual Property'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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QANTM Intellectual Property Receivables Turnover Chart

QANTM Intellectual Property Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

3.52

3.56

3.36

3.33

3.35

QANTM Intellectual Property Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										1.71	1.73	1.72	1.63	1.82

Competitive Comparison of QANTM Intellectual Property's Receivables Turnover

For the Consulting Services subindustry, QANTM Intellectual Property'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.

QANTM Intellectual Property's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, QANTM Intellectual Property's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where QANTM Intellectual Property's Receivables Turnover falls into.

QANTM Intellectual Property Receivables Turnover Calculation

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

QANTM Intellectual Property'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 )
=	136.954	/ (	(38.916	+	42.913)	/	2 )
=	136.954	/	40.9145
=	3.35

QANTM Intellectual Property'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 )
=	74.219	/ (	(42.913	+	38.842)	/	2 )
=	74.219	/	40.8775
=	1.82

QANTM Intellectual Property (ASX:QIP) 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.

QANTM Intellectual Property Receivables Turnover Related Terms

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QANTM Intellectual Property (ASX:QIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » QANTM Intellectual Property Ltd (ASX:QIP) » Definitions » Receivables Turnover

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Address

1 Nicholson Street, Level 15, Melbourne, VIC, AUS, 3002

Website

https://www.qantmip.com

QANTM Intellectual Property Ltd is the holding company of intellectual property companies. The company through intellectual property companies provides IP services to a range of Australian and international clients ranging from start-up technology businesses to Fortune 500 multinationals, public research institutions, and universities. The company has identified its operating segments based on geographical locations being Australia and Asia. A substantial portion of its overall revenue is generated from the Australia segment.

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