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360 Capital Group (ASX:TGP) Receivables Turnover : 2.76 (As of Jun. 2024)


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What is 360 Capital 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. 360 Capital Group's Revenue for the six months ended in Jun. 2024 was A$5.76 Mil. 360 Capital Group's average Accounts Receivable for the six months ended in Jun. 2024 was A$2.09 Mil. Hence, 360 Capital Group's Receivables Turnover for the six months ended in Jun. 2024 was 2.76.


360 Capital Group Receivables Turnover Historical Data

The historical data trend for 360 Capital 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.

* Premium members only.

360 Capital Group Receivables Turnover Chart

360 Capital Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.94 3.76 1.14 20.66 74.70

360 Capital Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 2.09 0.58 0.79 2.76

Competitive Comparison of 360 Capital Group's Receivables Turnover

For the Asset Management subindustry, 360 Capital 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.


360 Capital Group's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 360 Capital Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 360 Capital Group's Receivables Turnover falls into.



360 Capital Group Receivables Turnover Calculation

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

360 Capital Group's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=7.358 / ((0.027 + 0.17) / 2 )
=7.358 / 0.0985
=74.70

360 Capital Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=5.757 / ((4.002 + 0.17) / 2 )
=5.757 / 2.086
=2.76

* 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.


360 Capital Group  (ASX:TGP) 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.


360 Capital Group Receivables Turnover Related Terms

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360 Capital Group Business Description

Traded in Other Exchanges
N/A
Address
1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000
360 Capital Group is a property investment and fund management company. The company's operating segment includes Real estate equity and Real estate credit. The company operates in Australia.