SRT Marine Systems (FRA:6S7) Receivables Turnover : 1.43 (As of Dec. 2024)

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What is SRT Marine Systems 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. SRT Marine Systems's Revenue for the six months ended in Dec. 2024 was €31.64 Mil. SRT Marine Systems's average Accounts Receivable for the six months ended in Dec. 2024 was €22.08 Mil. Hence, SRT Marine Systems's Receivables Turnover for the six months ended in Dec. 2024 was 1.43.

SRT Marine Systems Receivables Turnover Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Receivables Turnover Chart

SRT Marine Systems Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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1.58

2.47

1.21

0.97

6.19

SRT Marine Systems Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.10	2.69	1.52	1.82	1.43

Competitive Comparison of SRT Marine Systems's Receivables Turnover

For the Scientific & Technical Instruments subindustry, SRT Marine Systems'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.

SRT Marine Systems's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SRT Marine Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SRT Marine Systems's Receivables Turnover falls into.

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SRT Marine Systems Receivables Turnover Calculation

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

SRT Marine Systems's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	9.777	/ (	(2.526	+	0.632)	/	2 )
=	9.777	/	1.579
=	6.19

SRT Marine Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	31.637	/ (	(4.949	+	39.209)	/	2 )
=	31.637	/	22.079
=	1.43

SRT Marine Systems (FRA:6S7) 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.

SRT Marine Systems Receivables Turnover Related Terms

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SRT Marine Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (FRA:6S7) » Definitions » Receivables Turnover

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SRT:UK

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and provides integrated maritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain. The Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection and environment monitoring. The company is in single business segment, the Marine technology business which provides solutions to solve the problem of maritime domain awareness, both products and systems. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, South East Asia and others.

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