Dialight (CHIX:DIAL) Receivables Turnover : 2.95 (As of Sep. 2024)

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What is Dialight 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. Dialight's Revenue for the six months ended in Sep. 2024 was £68.3 Mil. Dialight's average Accounts Receivable for the six months ended in Sep. 2024 was £23.2 Mil. Hence, Dialight's Receivables Turnover for the six months ended in Sep. 2024 was 2.95.

Dialight Receivables Turnover Historical Data

The historical data trend for Dialight'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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Dialight Receivables Turnover Chart

Dialight Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.93

6.09

6.15

5.94

6.49

Dialight Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.95	3.41	2.80	2.44	2.95

Competitive Comparison of Dialight's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Dialight'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.

Dialight's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dialight's Receivables Turnover distribution charts can be found below:

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

Dialight Receivables Turnover Calculation

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

Dialight's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	172.246	/ (	(26.621	+	26.436)	/	2 )
=	172.246	/	26.5285
=	6.49

Dialight's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	68.267	/ (	(22.989	+	23.36)	/	2 )
=	68.267	/	23.1745
=	2.95

Dialight (CHIX:DIAl) 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.

Dialight Receivables Turnover Related Terms

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Dialight Business Description

Industry

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Traded in Other Exchanges

DIALF:USA DIA:UK

Address

60 Petty France, London, GBR, SW1H 9EU

Website

https://www.dialight.com

Dialight PLC manufactures and sells light-emitting diode (LED) lighting fixtures for use in hazardous and industrial locations. It provides lighting products to customers in industrial sectors including steel foundries, pulp and paper mills, automotive manufacturers, utility, and wastewater plants, and food and beverage processing plants. In addition, it provides specialist lighting products for hazardous industrial sites, including the oil and gas and mining sectors. Its segments are Lighting, Signals, and Components. The majority of the revenue is derived from the sale of LED lighting solutions and anti-collision obstruction lighting. Geographically it derives the majority of its revenue from North America.