Sovereign Cloud Holdings (ASX:SOV) Receivables Turnover : 2.84 (As of Dec. 2023)

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What is Sovereign Cloud Holdings 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. Sovereign Cloud Holdings's Revenue for the six months ended in Dec. 2023 was A$4.04 Mil. Sovereign Cloud Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.42 Mil. Hence, Sovereign Cloud Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.84.

Sovereign Cloud Holdings Receivables Turnover Historical Data

The historical data trend for Sovereign Cloud Holdings'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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Sovereign Cloud Holdings Receivables Turnover Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

5.80

8.67

8.15

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			4.01	3.69	3.42	3.74	2.84

Competitive Comparison of Sovereign Cloud Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Sovereign Cloud Holdings'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.

Sovereign Cloud Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Sovereign Cloud Holdings's Receivables Turnover falls into.

Sovereign Cloud Holdings Receivables Turnover Calculation

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

Sovereign Cloud Holdings'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 )
=	6.478	/ (	(0.532	+	1.058)	/	2 )
=	6.478	/	0.795
=	8.15

Sovereign Cloud Holdings'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 )
=	4.041	/ (	(1.058	+	1.785)	/	2 )
=	4.041	/	1.4215
=	2.84

Sovereign Cloud Holdings (ASX:SOV) 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.

Sovereign Cloud Holdings Receivables Turnover Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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