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Watches of Switzerland Group (CHIX:WOSGL) Receivables Turnover : 23.39 (As of Oct. 2024)


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What is Watches of Switzerland 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. Watches of Switzerland Group's Revenue for the six months ended in Oct. 2024 was £785 Mil. Watches of Switzerland Group's average Accounts Receivable for the six months ended in Oct. 2024 was £34 Mil. Hence, Watches of Switzerland Group's Receivables Turnover for the six months ended in Oct. 2024 was 23.39.


Watches of Switzerland Group Receivables Turnover Historical Data

The historical data trend for Watches of Switzerland 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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Watches of Switzerland Group Receivables Turnover Chart

Watches of Switzerland Group Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 79.27 146.65 281.36 263.73 184.18

Watches of Switzerland Group Semi-Annual Data
Apr16 Apr17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.85 61.96 56.82 51.25 23.39

Competitive Comparison of Watches of Switzerland Group's Receivables Turnover

For the Luxury Goods subindustry, Watches of Switzerland 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.


Watches of Switzerland Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Watches of Switzerland Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Watches of Switzerland Group's Receivables Turnover falls into.



Watches of Switzerland Group Receivables Turnover Calculation

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

Watches of Switzerland Group's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Receivables Turnover (A: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2024 ) / ((Accounts Receivable (A: Apr. 2023 ) + Accounts Receivable (A: Apr. 2024 )) / count )
=1537.9 / ((6.6 + 10.1) / 2 )
=1537.9 / 8.35
=184.18

Watches of Switzerland Group's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

Receivables Turnover (Q: Oct. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2024 ) / ((Accounts Receivable (Q: Apr. 2024 ) + Accounts Receivable (Q: Oct. 2024 )) / count )
=784.8 / ((10.1 + 57) / 2 )
=784.8 / 33.55
=23.39

* 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.


Watches of Switzerland Group  (CHIX:WOSGl) 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.


Watches of Switzerland Group Receivables Turnover Related Terms

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Watches of Switzerland Group Business Description

Traded in Other Exchanges
Address
2 Elland Road, Aurum House, Braunstone, Leicester, GBR, LE3 1TT
Watches of Switzerland Group PLC is a retailer of luxury watches in the United Kingdom. Other than luxury watch offerings, the company also offers luxury jewellery, fashion, and classic watches and a range of watch and jewellery aftercare services. The company's geographical segments are the United Kingdom and Europe, and the United States, of which the majority of the revenue comes from the United Kingdom and Europe segment.

Watches of Switzerland Group Headlines

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