Afristrat Investment Holdings (JSE:ATI) Receivables Turnover : 0.04 (As of Sep. 2021)

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What is Afristrat Investment 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. Afristrat Investment Holdings's Revenue for the six months ended in Sep. 2021 was R0.39 Mil. Afristrat Investment Holdings's average Accounts Receivable for the six months ended in Sep. 2021 was R9.36 Mil. Hence, Afristrat Investment Holdings's Receivables Turnover for the six months ended in Sep. 2021 was 0.04.

Afristrat Investment Holdings Receivables Turnover Historical Data

The historical data trend for Afristrat Investment 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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Afristrat Investment Holdings Receivables Turnover Chart

Afristrat Investment Holdings Annual Data

Trend

Jun09

Jun10

Sep11

Dec12

Dec13

Dec14

Dec15

Mar18

Jun19

Mar21

Receivables Turnover

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6.69

4.01

8.31

8.59

2.11

Afristrat Investment Holdings Semi-Annual Data
	Jun05	Jun06	Jun08	Jun09	Jun10	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Sep17	Mar18	Dec18	Jun19	Dec19	Sep20	Mar21	Sep21
Receivables Turnover	Get a 7-Day Free Trial															5.90	4.76	0.02	4.46	0.04

Competitive Comparison of Afristrat Investment Holdings's Receivables Turnover

For the Specialty Business Services subindustry, Afristrat Investment 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.

Afristrat Investment Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Afristrat Investment Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Afristrat Investment Holdings's Receivables Turnover falls into.

Afristrat Investment Holdings Receivables Turnover Calculation

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

Afristrat Investment Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2021 is calculated as

	Receivables Turnover (A: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2021 )	/ (	(Accounts Receivable (A: Jun. 2019 )	+	Accounts Receivable (A: Mar. 2021 ))	/	count )
=	53.856	/ (	(39.124	+	12.002)	/	2 )
=	53.856	/	25.563
=	2.11

Afristrat Investment Holdings's Receivables Turnover for the quarter that ended in Sep. 2021 is calculated as

	Receivables Turnover (Q: Sep. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2021 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Sep. 2021 ))	/	count )
=	0.388	/ (	(12.002	+	6.713)	/	2 )
=	0.388	/	9.3575
=	0.04

Afristrat Investment Holdings (JSE:ATI) 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.

Afristrat Investment Holdings Receivables Turnover Related Terms

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Afristrat Investment Holdings (JSE:ATI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Afristrat Investment Holdings Ltd (JSE:ATI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

43 Garsfontein Road, 1st Floor, The Wedge, Waterkloof, ZAF, 0145

Website

https://www.afristrat.ltd

Afristrat Investment Holdings Ltd is engaged in providing accounting services, taxation services, business consultancy services, digital marketing and funding services, and other strategic services.