Automatic Data Processing (BSP:ADPR34) Receivables Turnover : 1.37 (As of Dec. 2023)

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What is Automatic Data Processing 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. Automatic Data Processing's Revenue for the three months ended in Dec. 2023 was R$21,768 Mil. Automatic Data Processing's average Accounts Receivable for the three months ended in Dec. 2023 was R$15,905 Mil. Hence, Automatic Data Processing's Receivables Turnover for the three months ended in Dec. 2023 was 1.37.

Automatic Data Processing Receivables Turnover Historical Data

The historical data trend for Automatic Data Processing'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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Automatic Data Processing Receivables Turnover Chart

Automatic Data Processing Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.19

6.60

5.56

5.45

Automatic Data Processing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.38	1.50	1.35	1.42	1.37

Competitive Comparison of Automatic Data Processing's Receivables Turnover

For the Staffing & Employment Services subindustry, Automatic Data Processing'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.

Automatic Data Processing's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Automatic Data Processing's Receivables Turnover falls into.

Automatic Data Processing Receivables Turnover Calculation

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

Automatic Data Processing'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 )
=	83477.816	/ (	(16004.238	+	14607.696)	/	2 )
=	83477.816	/	15305.967
=	5.45

Automatic Data Processing'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	21768.341	/ (	(15285.77	+	16524.086)	/	2 )
=	21768.341	/	15904.928
=	1.37

Automatic Data Processing (BSP:ADPR34) 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.

Automatic Data Processing Receivables Turnover Related Terms

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Automatic Data Processing (BSP:ADPR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Automatic Data Processing Inc (BSP:ADPR34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ADP:USA ADAP:Mexico 1ADP:Italy ADP:Germany ADP:Austria ADP:Argentina

Address

One ADP Boulevard, Roseland, NJ, USA, 07068

Website

https://www.adp.com

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

Automatic Data Processing (BSP:ADPR34) Headlines

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