AIREA (LSE:AIEA) Receivables Turnover : 4.12 (As of Dec. 2023)

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What is AIREA 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. AIREA's Revenue for the six months ended in Dec. 2023 was £11.28 Mil. AIREA's average Accounts Receivable for the six months ended in Dec. 2023 was £2.74 Mil. Hence, AIREA's Receivables Turnover for the six months ended in Dec. 2023 was 4.12.

AIREA Receivables Turnover Historical Data

The historical data trend for AIREA'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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AIREA Receivables Turnover Chart

AIREA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.40

9.94

11.64

10.41

9.08

AIREA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.68	4.41	4.50	4.00	4.12

Competitive Comparison of AIREA's Receivables Turnover

For the Textile Manufacturing subindustry, AIREA'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.

AIREA's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, AIREA's Receivables Turnover distribution charts can be found below:

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

AIREA Receivables Turnover Calculation

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

AIREA'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 )
=	21.102	/ (	(2.043	+	2.607)	/	2 )
=	21.102	/	2.325
=	9.08

AIREA'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 )
=	11.277	/ (	(2.871	+	2.607)	/	2 )
=	11.277	/	2.739
=	4.12

AIREA (LSE:AIEA) 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.

AIREA Receivables Turnover Related Terms

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AIREA (LSE:AIEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AIREA PLC (LSE:AIEA) » Definitions » Receivables Turnover

Traded in Other Exchanges

AIEA.GB:UK

Address

Victoria Mills, The Green, Ossett, West Yorkshire, GBR, WF5 0AN

Website

https://www.aireaplc.com

AIREA PLC is a UK based specialist flooring company. It focuses on manufacturing, marketing and distribution of floor coverings. Its product portfolio includes contract carpets, carpet tiles, tufted carpet, and floor coverings. It markets under brand name of Burmatex. It also offers standard carpet ranges through retail outlets and a range of spanning fiber bonded and tufted carpet in sheet and tile. The company aims at meetings architects, contractors for the education, leisure, commercial and healthcare sector requirements across the United Kingdom, Republic of Ireland and North America.

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