Esken (CHIX:ESKNL) Receivables Turnover : 0.90 (As of Aug. 2023)

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What is Esken 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. Esken's Revenue for the six months ended in Aug. 2023 was £9.1 Mil. Esken's average Accounts Receivable for the six months ended in Aug. 2023 was £10.2 Mil. Hence, Esken's Receivables Turnover for the six months ended in Aug. 2023 was 0.90.

Esken Receivables Turnover Historical Data

The historical data trend for Esken'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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Esken Receivables Turnover Chart

Esken Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

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5.69

5.53

4.67

8.71

12.95

Esken Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial															2.15	2.60	0.72	5.00	0.90

Competitive Comparison of Esken's Receivables Turnover

For the Specialty Chemicals subindustry, Esken'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.

Esken's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Esken's Receivables Turnover distribution charts can be found below:

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

Esken Receivables Turnover Calculation

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

Esken's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	120.004	/ (	(8.364	+	10.172)	/	2 )
=	120.004	/	9.268
=	12.95

Esken's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	9.142	/ (	(10.172	+	10.194)	/	2 )
=	9.142	/	10.183
=	0.90

Esken (CHIX:ESKNl) 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.

Esken Receivables Turnover Related Terms

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Esken (CHIX:ESKNL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Esken Ltd (CHIX:ESKNl) » Definitions » Receivables Turnover

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ESKNF:USA

Address

Street Peter Port, Les Banques, Floor 2, Trafalgar Court, Saint Peter Port, GGY, GY1 4LY

Website

https://www.esken.com

Esken Ltd is an infrastructure and support services business. The company's operating segment includes Aviation, Renewables, Investments, and Non-Strategic Infrastructure. The group's segment specializes in the supply of sustainable biomass for the generation of renewable energy. It generates maximum revenue from the Renewables segment. Geographically, it derives a majority of revenue from the UK and also has a presence in Europe and Ireland, and the Rest of the world.

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