Jse (JSE:JSE) Receivables Turnover : 2.31 (As of Jun. 2024)

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What is Jse 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. Jse's Revenue for the six months ended in Jun. 2024 was R1,476 Mil. Jse's average Accounts Receivable for the six months ended in Jun. 2024 was R638 Mil. Hence, Jse's Receivables Turnover for the six months ended in Jun. 2024 was 2.31.

Jse Receivables Turnover Historical Data

The historical data trend for Jse'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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Jse Receivables Turnover Chart

Jse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.27

12.03

10.59

8.92

9.01

Jse Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.86	2.67	2.34	2.29	2.31

Competitive Comparison of Jse's Receivables Turnover

For the Financial Data & Stock Exchanges subindustry, Jse'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.

Jse's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Jse's Receivables Turnover distribution charts can be found below:

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

Jse Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2814.472	/ (	(307.218	+	317.499)	/	2 )
=	2814.472	/	312.3585
=	9.01

Jse's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1475.788	/ (	(317.499	+	958.768)	/	2 )
=	1475.788	/	638.1335
=	2.31

Jse (JSE:JSE) 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.

Jse Receivables Turnover Related Terms

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Jse Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jse Ltd (JSE:JSE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JSEJF:USA JF6:Germany

Address

2 Gwen Lane, One Exchange Square, Sandown, Sandton, Johannesburg, ZAF, 2196

Website

https://www.jse.co.za

Jse Ltd operates in South Africa but offers its services to local and global investors seeking exposure to the broader African continent. The Johannesburg Stock Exchange offers primary and secondary capital markets across a diverse range of securities, supported by its post-trade and regulatory services. JSE's main lines of business include Capital Markets, Post-Trade Services, and Information Services. The company's business model also emphasizes technological innovation to support and drive its trading, clearing, and settlement services. The company offers five financial markets, principally equity and bonds, as well as financial, commodity, and interest-rate derivatives.

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