Vp (CHIX:VPL) Receivables Turnover : 2.64 (As of Sep. 2024)

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What is Vp 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. Vp's Revenue for the six months ended in Sep. 2024 was £192.5 Mil. Vp's average Accounts Receivable for the six months ended in Sep. 2024 was £72.9 Mil. Hence, Vp's Receivables Turnover for the six months ended in Sep. 2024 was 2.64.

Vp Receivables Turnover Historical Data

The historical data trend for Vp'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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Vp Receivables Turnover Chart

Vp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.10

4.61

5.44

5.28

5.29

Vp Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.41	2.31	2.44	2.37	2.64

Competitive Comparison of Vp's Receivables Turnover

For the Rental & Leasing Services subindustry, Vp'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.

Vp's Receivables Turnover Distribution in the Business Services Industry

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

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

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Vp Receivables Turnover Calculation

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

Vp'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 )
=	368.691	/ (	(72.972	+	66.498)	/	2 )
=	368.691	/	69.735
=	5.29

Vp'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	192.457	/ (	(66.498	+	79.394)	/	2 )
=	192.457	/	72.946
=	2.64

Vp (CHIX:VPl) 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.

Vp Receivables Turnover Related Terms

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Vp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vp PLC (CHIX:VPl) » Definitions » Receivables Turnover

Comparable Companies

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VP.GB:UK VP.:UK

Address

Otley Road, Central House, Beckwith Knowle, Harrogate, North Yorkshire, GBR, HG3 1UD

Website

https://www.vpplc.com

Vp PLC provides the rental and sale of equipment and related services. The company operates under the divisions such as UK Forks, Groundforce, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside, TPA, and TR Group. It serves infrastructure, construction, housebuilding, and energy. The company's reportable segments are the two units, the United Kingdom which is the key revenue driver, and International.