accesso Technology Group (LSE:ACSO) Receivables Turnover : 3.27 (As of Dec. 2023)

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What is accesso Technology 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. accesso Technology Group's Revenue for the six months ended in Dec. 2023 was £66.1 Mil. accesso Technology Group's average Accounts Receivable for the six months ended in Dec. 2023 was £20.2 Mil. Hence, accesso Technology Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.27.

accesso Technology Group Receivables Turnover Historical Data

The historical data trend for accesso Technology 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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accesso Technology Group Receivables Turnover Chart

accesso Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.41

3.28

8.79

7.51

6.06

accesso Technology Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.38	3.50	3.32	2.61	3.27

Competitive Comparison of accesso Technology Group's Receivables Turnover

For the Software - Application subindustry, accesso Technology 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.

accesso Technology Group's Receivables Turnover Distribution in the Software Industry

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

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

accesso Technology Group Receivables Turnover Calculation

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

accesso Technology Group'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 )
=	118.117	/ (	(19.262	+	19.709)	/	2 )
=	118.117	/	19.4855
=	6.06

accesso Technology Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	66.148	/ (	(20.701	+	19.709)	/	2 )
=	66.148	/	20.205
=	3.27

accesso Technology Group (LSE:ACSO) 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.

accesso Technology Group Receivables Turnover Related Terms

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accesso Technology Group (LSE:ACSO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » accesso Technology Group PLC (LSE:ACSO) » Definitions » Receivables Turnover

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LOQPF:USA

Address

Unit 5, The Pavilions, Ruscombe Park, Twyford, GBR, RG10 9NN

Website

https://www.accesso.com

accesso Technology Group PLC is a software company engaged in the development and application of ticketing, mobile, and eCommerce technologies,s, licensing, and operation of virtual queuing solutions s and providing a personalized experience to customers within the attractions and leisure industry. It operates in Ticketing and Distribution segment. Its solutions are accesso LoQueue, accesso Passport, accesso Siriuswarem, and accesso ShoWare, which provide solutions for ticketing & admissions, gift cards, kiosks, and eCommerce, box office, call center, and social media sales, food and beverage, retail, eCommerce via kiosk or mobile. It has a presence in the UK, other Europe, Australia, the USA, and Canada which drives key revenue, in Central and South America.

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