Smiths News (FRA:T6N) Receivables Turnover : 6.24 (As of Feb. 2024)

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What is Smiths News 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. Smiths News's Revenue for the six months ended in Feb. 2024 was €632 Mil. Smiths News's average Accounts Receivable for the six months ended in Feb. 2024 was €101 Mil. Hence, Smiths News's Receivables Turnover for the six months ended in Feb. 2024 was 6.24.

Smiths News Receivables Turnover Historical Data

The historical data trend for Smiths News'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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Smiths News Receivables Turnover Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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14.90

15.50

17.48

16.80

16.24

Smiths News Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															6.39	6.35	6.39	6.36	6.24

Competitive Comparison of Smiths News's Receivables Turnover

For the Publishing subindustry, Smiths News'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.

Smiths News's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smiths News's Receivables Turnover distribution charts can be found below:

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

Smiths News Receivables Turnover Calculation

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

Smiths News's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	1272.265	/ (	(76.241	+	80.398)	/	2 )
=	1272.265	/	78.3195
=	16.24

Smiths News's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	631.811	/ (	(80.398	+	122.195)	/	2 )
=	631.811	/	101.2965
=	6.24

Smiths News (FRA:T6N) 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.

Smiths News Receivables Turnover Related Terms

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Smiths News (FRA:T6N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (FRA:T6N) » Definitions » Receivables Turnover

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Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.

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