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Alexander Forbes Group Holdings (JSE:AFH) Receivables Turnover : 14.48 (As of Sep. 2024)


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What is Alexander Forbes Group Holdings 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. Alexander Forbes Group Holdings's Revenue for the six months ended in Sep. 2024 was R2,752 Mil. Alexander Forbes Group Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was R190 Mil. Hence, Alexander Forbes Group Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 14.48.


Alexander Forbes Group Holdings Receivables Turnover Historical Data

The historical data trend for Alexander Forbes Group Holdings'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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Alexander Forbes Group Holdings Receivables Turnover Chart

Alexander Forbes Group Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.38 7.36 4.91 7.89 20.24

Alexander Forbes Group Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 3.20 5.78 8.35 10.91 14.48

Competitive Comparison of Alexander Forbes Group Holdings's Receivables Turnover

For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.


Alexander Forbes Group Holdings's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's Receivables Turnover falls into.


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Alexander Forbes Group Holdings Receivables Turnover Calculation

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

Alexander Forbes Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=5059 / ((308 + 192) / 2 )
=5059 / 250
=20.24

Alexander Forbes Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=2752 / ((192 + 188) / 2 )
=2752 / 190
=14.48

* 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.


Alexander Forbes Group Holdings  (JSE:AFH) 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.


Alexander Forbes Group Holdings Receivables Turnover Related Terms

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Alexander Forbes Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Consulting and Actuarial Services, Retirement Fund Services, Healthcare Services, and Trust and Beneficiary Services. The company also offers online services.

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