Iomart Group (Iomart Group) Receivables Turnover : 3.24 (As of Sep. 2023)

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What is Iomart 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. Iomart Group's Revenue for the six months ended in Sep. 2023 was $76.8 Mil. Iomart Group's average Accounts Receivable for the six months ended in Sep. 2023 was $23.7 Mil. Hence, Iomart Group's Receivables Turnover for the six months ended in Sep. 2023 was 3.24.

Iomart Group Receivables Turnover Historical Data

The historical data trend for Iomart 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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Iomart Group Receivables Turnover Chart

Iomart Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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13.35

12.61

13.92

12.92

11.06

Iomart Group 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															3.29	3.26	3.28	3.58	3.24

Competitive Comparison of Iomart Group's Receivables Turnover

For the Software - Infrastructure subindustry, Iomart 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.

Iomart Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Iomart Group's Receivables Turnover distribution charts can be found below:

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

Iomart Group Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	140.337	/ (	(9.47	+	15.909)	/	2 )
=	140.337	/	12.6895
=	11.06

Iomart Group'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 )
=	76.778	/ (	(15.909	+	31.412)	/	2 )
=	76.778	/	23.6605
=	3.24

Iomart Group (OTCPK:IMRTF) 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.

Iomart Group Receivables Turnover Related Terms

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Iomart Group (Iomart Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iomart Group PLC (OTCPK:IMRTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IOM.GB:UK IOM:UK LYU:Germany

Address

55 Robertson Street, 6 Atlantic Quay, Glasgow, GBR, G2 8JD

Website

https://www.iomart.com

Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.