WAM Global (ASX:WGB) Receivables Turnover : 133.71 (As of Dec. 2024)

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What is WAM Global 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. WAM Global's Revenue for the six months ended in Dec. 2024 was A$113.1 Mil. WAM Global's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.8 Mil. Hence, WAM Global's Receivables Turnover for the six months ended in Dec. 2024 was 133.71.

WAM Global Receivables Turnover Historical Data

The historical data trend for WAM Global'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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WAM Global Receivables Turnover Chart

WAM Global Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

0.37

7.15

21.61

20.58

WAM Global Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial						11.12	15.10	7.18	131.21	133.71

Competitive Comparison of WAM Global's Receivables Turnover

For the Asset Management subindustry, WAM Global'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.

WAM Global's Receivables Turnover Distribution in the Asset Management Industry

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

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

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WAM Global Receivables Turnover Calculation

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

WAM Global'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 )
=	118.703	/ (	(11.527	+	0.011)	/	2 )
=	118.703	/	5.769
=	20.58

WAM Global's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	113.118	/ (	(0.011	+	1.681)	/	2 )
=	113.118	/	0.846
=	133.71

WAM Global (ASX:WGB) 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.

WAM Global Receivables Turnover Related Terms

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WAM Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WAM Global Ltd (ASX:WGB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Governor Phillip Tower, 1 Farrer Place, Level 26, Sydney, NSW, AUS, 2000

Website

https://www.wilsonassetmanagement.com.au

WAM Global Ltd is an asset management company. It is engaged in investing activities including cash, term deposits, and equity investments. The company makes investments in listed global securities. Geographically the company has maximum exposure from the United States of America in their Investment portfolio.

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