Straker (ASX:STG) Receivables Turnover : 2.76 (As of Mar. 2024)

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What is Straker 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. Straker's Revenue for the six months ended in Mar. 2024 was A$22.16 Mil. Straker's average Accounts Receivable for the six months ended in Mar. 2024 was A$8.04 Mil. Hence, Straker's Receivables Turnover for the six months ended in Mar. 2024 was 2.76.

Straker Receivables Turnover Historical Data

The historical data trend for Straker'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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Straker Receivables Turnover Chart

Straker Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.59

5.05

6.06

5.21

5.00

Straker Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						2.99	2.37	2.35	2.76	2.76

Competitive Comparison of Straker's Receivables Turnover

For the Specialty Business Services subindustry, Straker'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.

Straker's Receivables Turnover Distribution in the Business Services Industry

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

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

Straker Receivables Turnover Calculation

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

Straker's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	45.88	/ (	(9.728	+	8.607)	/	2 )
=	45.88	/	9.1675
=	5.00

Straker's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	22.164	/ (	(7.468	+	8.607)	/	2 )
=	22.164	/	8.0375
=	2.76

Straker (ASX:STG) 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.

Straker Receivables Turnover Related Terms

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Straker (ASX:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Straker Ltd (ASX:STG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Parkway Drive, Level 2, Rosedale, Auckland, NZL, 0632

Website

https://www.strakertranslations.com

Straker Ltd formerly Straker Translations Ltd is engaged in the provision of language services and language technology via subscriptions to its customers. The company's geographical segments are Asia Pacific (APAC), Europe, Middle East and Africa (EMEA), and North America (NAM).