Resource Development Group (ASX:RDG) Receivables Turnover : 4.54 (As of Dec. 2023)

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What is Resource Development 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. Resource Development Group's Revenue for the six months ended in Dec. 2023 was A$51.01 Mil. Resource Development Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$11.23 Mil. Hence, Resource Development Group's Receivables Turnover for the six months ended in Dec. 2023 was 4.54.

Resource Development Group Receivables Turnover Historical Data

The historical data trend for Resource Development 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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Resource Development Group Receivables Turnover Chart

Resource Development Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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14.34

6.34

9.07

8.86

13.02

Resource Development Group 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															3.07	4.78	5.82	6.39	4.54

Competitive Comparison of Resource Development Group's Receivables Turnover

For the Engineering & Construction subindustry, Resource Development 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.

Resource Development Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Resource Development Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Resource Development Group's Receivables Turnover falls into.

Resource Development Group Receivables Turnover Calculation

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

Resource Development Group'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 )
=	55.669	/ (	(2.682	+	5.869)	/	2 )
=	55.669	/	4.2755
=	13.02

Resource Development Group'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 )
=	51.011	/ (	(5.869	+	16.585)	/	2 )
=	51.011	/	11.227
=	4.54

Resource Development Group (ASX:RDG) 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.

Resource Development Group Receivables Turnover Related Terms

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Resource Development Group (ASX:RDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resource Development Group Ltd (ASX:RDG) » Definitions » Receivables Turnover

Comparable Companies

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Address

Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.resdevgroup.com.au

Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue. The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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