Structural Monitoring Systems (ASX:SMN) Receivables Turnover : 5.33 (As of Dec. 2023)

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What is Structural Monitoring Systems 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. Structural Monitoring Systems's Revenue for the six months ended in Dec. 2023 was A$13.29 Mil. Structural Monitoring Systems's average Accounts Receivable for the six months ended in Dec. 2023 was A$2.49 Mil. Hence, Structural Monitoring Systems's Receivables Turnover for the six months ended in Dec. 2023 was 5.33.

Structural Monitoring Systems Receivables Turnover Historical Data

The historical data trend for Structural Monitoring Systems'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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Structural Monitoring Systems Receivables Turnover Chart

Structural Monitoring Systems Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.28

6.04

5.66

5.74

8.91

Structural Monitoring Systems 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															2.79	3.33	3.27	4.80	5.33

Competitive Comparison of Structural Monitoring Systems's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Structural Monitoring Systems'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.

Structural Monitoring Systems's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Structural Monitoring Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Structural Monitoring Systems's Receivables Turnover falls into.

Structural Monitoring Systems Receivables Turnover Calculation

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

Structural Monitoring Systems'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 )
=	22.381	/ (	(3.042	+	1.981)	/	2 )
=	22.381	/	2.5115
=	8.91

Structural Monitoring Systems'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 )
=	13.289	/ (	(1.981	+	3.006)	/	2 )
=	13.289	/	2.4935
=	5.33

Structural Monitoring Systems (ASX:SMN) 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.

Structural Monitoring Systems Receivables Turnover Related Terms

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Structural Monitoring Systems (ASX:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Structural Monitoring Systems PLC (ASX:SMN) » Definitions » Receivables Turnover

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RJP:Germany

Address

1 Kyle Way, Suite 116, Claremont, Perth, WA, AUS, 6010

Website

https://www.smsystems.com.au

Structural Monitoring Systems PLC, through its subsidiaries, develops and commercializes Comparative Vacuum Monitoring technology. The company operates in the divisions namely CVM IP, Avionics/audio, and CVM. It generates maximum revenue from Avionics/audio segment. It has operations in Canada; USA; Europe and other countries.