TASK Group Holdings (ASX:TSK) Receivables Turnover : 3.38 (As of Mar. 2024)

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What is TASK Group 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. TASK Group Holdings's Revenue for the six months ended in Mar. 2024 was A$37.51 Mil. TASK Group Holdings's average Accounts Receivable for the six months ended in Mar. 2024 was A$11.09 Mil. Hence, TASK Group Holdings's Receivables Turnover for the six months ended in Mar. 2024 was 3.38.

TASK Group Holdings Receivables Turnover Historical Data

The historical data trend for TASK Group 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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TASK Group Holdings Receivables Turnover Chart

TASK Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.68

7.65

6.32

8.19

7.88

TASK Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.78	2.99	4.18	3.39	3.38

Competitive Comparison of TASK Group Holdings's Receivables Turnover

For the Software - Application subindustry, TASK Group 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.

TASK Group Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where TASK Group Holdings's Receivables Turnover falls into.

TASK Group Holdings Receivables Turnover Calculation

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

TASK Group Holdings'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 )
=	71.528	/ (	(7.976	+	10.182)	/	2 )
=	71.528	/	9.079
=	7.88

TASK Group Holdings'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 )
=	37.509	/ (	(11.998	+	10.182)	/	2 )
=	37.509	/	11.09
=	3.38

TASK Group Holdings (ASX:TSK) 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.

TASK Group Holdings Receivables Turnover Related Terms

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TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Receivables Turnover

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Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

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