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AssetCo (FRA:DYJ) Receivables Turnover : 1.72 (As of Sep. 2023)


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What is AssetCo 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. AssetCo's Revenue for the six months ended in Sep. 2023 was €7.77 Mil. AssetCo's average Accounts Receivable for the six months ended in Sep. 2023 was €4.52 Mil. Hence, AssetCo's Receivables Turnover for the six months ended in Sep. 2023 was 1.72.


AssetCo Receivables Turnover Historical Data

The historical data trend for AssetCo'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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AssetCo Receivables Turnover Chart

AssetCo Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 - 1.89 7.57 16.66

AssetCo Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.89 3.03 4.75 1.83 1.72

Competitive Comparison of AssetCo's Receivables Turnover

For the Asset Management subindustry, AssetCo'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.


AssetCo's Receivables Turnover Distribution in the Asset Management Industry

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

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



AssetCo Receivables Turnover Calculation

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

AssetCo's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=17.37 / ((1.648 + 0.437) / 2 )
=17.37 / 1.0425
=16.66

AssetCo's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=7.774 / ((8.61 + 0.437) / 2 )
=7.774 / 4.5235
=1.72

* 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.


AssetCo  (FRA:DYJ) 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.


AssetCo Receivables Turnover Related Terms

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AssetCo (FRA:DYJ) Business Description

Traded in Other Exchanges
Address
Wonastow Road, Singleton Court Business Park, Monmouth, Monmouthshire, GBR, NP25 5JA
AssetCo PLC is principally involved in the provision of asset and wealth management services. The group's activities involve fund management, high-growth thematics, and digital platforms. Its primary source of revenue involves Management Fees and Marketing Fees.

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