Purple Group (JSE:PPE) Receivables Turnover : 3.58 (As of Feb. 2025)

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What is Purple 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. Purple Group's Revenue for the six months ended in Feb. 2025 was R237.5 Mil. Purple Group's average Accounts Receivable for the six months ended in Feb. 2025 was R66.4 Mil. Hence, Purple Group's Receivables Turnover for the six months ended in Feb. 2025 was 3.58.

Purple Group Receivables Turnover Historical Data

The historical data trend for Purple 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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Purple Group Receivables Turnover Chart

Purple Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Receivables Turnover

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9.23

9.50

18.76

14.87

11.66

Purple Group Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25
Receivables Turnover	Get a 7-Day Free Trial															3.69	2.67	7.80	6.85	3.58

Competitive Comparison of Purple Group's Receivables Turnover

For the Financial Conglomerates subindustry, Purple 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.

Purple Group's Receivables Turnover Distribution in the Diversified Financial Services Industry

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

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

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Purple Group Receivables Turnover Calculation

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

Purple Group's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Receivables Turnover (A: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2024 )	/ (	(Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )
=	400.432	/ (	(27.66	+	40.997)	/	2 )
=	400.432	/	34.3285
=	11.66

Purple Group's Receivables Turnover for the quarter that ended in Feb. 2025 is calculated as

	Receivables Turnover (Q: Feb. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2025 )	/ (	(Accounts Receivable (Q: Aug. 2024 )	+	Accounts Receivable (Q: Feb. 2025 ))	/	count )
=	237.506	/ (	(40.997	+	91.854)	/	2 )
=	237.506	/	66.4255
=	3.58

Purple Group (JSE:PPE) 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.

Purple Group Receivables Turnover Related Terms

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Purple Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space 1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company. The company engages in trading, investing, and asset management, and also offers various products and services related to investing and managing portfolios. Its product offerings include EasyEquites, a digital investment platform, EasyProperties, a digital platform to invest in real estate, EasyCrypto, a platform to invest in crypto assets, and others. The company's operating segments are; EasyTrader and EasyAssetManagement (EAM) representing its derivatives trading and asset management operations; Head Office and Investments representing fees and dividends earned on investments; and Easy Group. Maximum revenue is derived from its Easy Group segment which includes EasyEquities, EasyProperties, EasyCrypto, and RISE EasyRetire.

Purple Group Headlines

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