Ashmore Group (FRA:A1B) Receivables Turnover : 1.46 (As of Dec. 2023)

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What is Ashmore 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. Ashmore Group's Revenue for the six months ended in Dec. 2023 was €108.4 Mil. Ashmore Group's average Accounts Receivable for the six months ended in Dec. 2023 was €74.1 Mil. Hence, Ashmore Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.46.

Ashmore Group Receivables Turnover Historical Data

The historical data trend for Ashmore 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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Ashmore Group Receivables Turnover Chart

Ashmore Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.44

4.09

3.57

3.53

3.05

Ashmore 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															1.81	1.65	1.42	1.28	1.46

Competitive Comparison of Ashmore Group's Receivables Turnover

For the Asset Management subindustry, Ashmore 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.

Ashmore Group's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashmore Group's Receivables Turnover distribution charts can be found below:

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

Ashmore Group Receivables Turnover Calculation

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

Ashmore Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	225.156	/ (	(77.008	+	70.74)	/	2 )
=	225.156	/	73.874
=	3.05

Ashmore 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 )
=	108.415	/ (	(70.74	+	77.423)	/	2 )
=	108.415	/	74.0815
=	1.46

Ashmore Group (FRA:A1B) 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.

Ashmore Group Receivables Turnover Related Terms

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Ashmore Group (FRA:A1B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashmore Group PLC (FRA:A1B) » Definitions » Receivables Turnover

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AJMPF:USA ASHMl:UK ASHM:UK

Address

61 Aldwych, London, GBR, WC2B 4AE

Website

https://www.ashmoregroup.com/en-gb

Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to a global client base, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments.

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