John Wood Group (CHIX:WGL) Receivables Turnover : 1.97 (As of Dec. 2023)

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What is John Wood Group 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. John Wood Group's Revenue for the six months ended in Dec. 2023 was £2,302 Mil. John Wood Group's average Accounts Receivable for the six months ended in Dec. 2023 was £1,168 Mil. Hence, John Wood Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.97.

John Wood Group Receivables Turnover Historical Data

The historical data trend for John Wood Group'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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John Wood Group Receivables Turnover Chart

John Wood Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.70

4.67

3.96

4.40

4.65

John Wood Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.74	1.87	2.14	2.00	1.97

Competitive Comparison of John Wood Group's Receivables Turnover

For the Oil & Gas Integrated subindustry, John Wood Group'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.

John Wood Group's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, John Wood Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where John Wood Group's Receivables Turnover falls into.

John Wood Group Receivables Turnover Calculation

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

John Wood Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	4661.553	/ (	(1015.166	+	989.396)	/	2 )
=	4661.553	/	1002.281
=	4.65

John Wood Group'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2302.455	/ (	(1346.083	+	989.396)	/	2 )
=	2302.455	/	1167.7395
=	1.97

John Wood Group (CHIX:WGl) 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.

John Wood Group Receivables Turnover Related Terms

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John Wood Group (CHIX:WGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » John Wood Group Plc (CHIX:WGl) » Definitions » Receivables Turnover

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Traded in Other Exchanges

WDGJF:USA WG.:UK JWG1:Germany

Address

15 Justice Mill Lane, Aberdeen, GBR, AB11 6EQ

Website

https://www.woodplc.com

John Wood Group Plc is an energy-services company that provides a range of engineering, production, and technical solutions for the upstream, midstream, and downstream oil and gas sectors. Operations are divided into four segments: Asset Solutions EAAA, Asset Solutions America, Technical Consulting Solutions, and Investment Solutions. The company provides services to the oil and gas sector through brownfield engineering and modifications, production enhancement, operations and maintenance, and facility construction and maintenance management. A vast majority of the revenue is generated by the Asset Solutions EAAA and Asset Solutions America's segment combined, and the company's revenue is earned in the United States.