Serko (ASX:SKO) Receivables Turnover : 3.70 (As of Sep. 2023)

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What is Serko 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. Serko's Revenue for the six months ended in Sep. 2023 was A$33.02 Mil. Serko's average Accounts Receivable for the six months ended in Sep. 2023 was A$8.93 Mil. Hence, Serko's Receivables Turnover for the six months ended in Sep. 2023 was 3.70.

Serko Receivables Turnover Historical Data

The historical data trend for Serko'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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Serko Receivables Turnover Chart

Serko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.80

7.33

3.49

6.88

16.47

Serko Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial														2.00	1.93	2.35	3.43	3.70

Competitive Comparison of Serko's Receivables Turnover

For the Software - Infrastructure subindustry, Serko'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.

Serko's Receivables Turnover Distribution in the Software Industry

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

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

Serko Receivables Turnover Calculation

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

Serko's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	43.231	/ (	(2.192	+	3.058)	/	2 )
=	43.231	/	2.625
=	16.47

Serko's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	33.017	/ (	(3.058	+	14.799)	/	2 )
=	33.017	/	8.9285
=	3.70

Serko (ASX:SKO) 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.

Serko Receivables Turnover Related Terms

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Serko (ASX:SKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Serko Ltd (ASX:SKO) » Definitions » Receivables Turnover

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SKO:New Zealand

Address

125 The Strand Parnell, Unit 14D, Saatchi Building, Auckland, NZL, 1010

Website

https://www.serko.com

Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of revenue from Australia and also has a presence in New Zealand, US, India, Singapore and Other. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.

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