essensys (LSE:ESYS) Receivables Turnover : 2.74 (As of Jan. 2024)

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What is essensys 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. essensys's Revenue for the six months ended in Jan. 2024 was £11.73 Mil. essensys's average Accounts Receivable for the six months ended in Jan. 2024 was £4.28 Mil. Hence, essensys's Receivables Turnover for the six months ended in Jan. 2024 was 2.74.

essensys Receivables Turnover Historical Data

The historical data trend for essensys'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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essensys Receivables Turnover Chart

essensys Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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8.62

7.33

6.68

6.52

7.50

essensys Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial										2.29	2.54	2.42	2.46	2.74

Competitive Comparison of essensys's Receivables Turnover

For the Software - Application subindustry, essensys'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.

essensys's Receivables Turnover Distribution in the Software Industry

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

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

essensys Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	25.254	/ (	(3.684	+	3.053)	/	2 )
=	25.254	/	3.3685
=	7.50

essensys's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	11.733	/ (	(3.053	+	5.499)	/	2 )
=	11.733	/	4.276
=	2.74

essensys (LSE:ESYS) 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.

essensys Receivables Turnover Related Terms

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essensys (LSE:ESYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » essensys PLC (LSE:ESYS) » Definitions » Receivables Turnover

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3L8:Germany

Address

2 Leman Street, Aldgate Tower, 7th Floor, London, GBR, E1 8FA

Website

https://www.essensys.tech

essensys PLC is engaged in providing SaaS platforms and on-demand cloud services to the flexible workspace industry. Its software is designed and developed to solve the complex operational challenges faced by multi-site flexible workspace. The group's technology allows operators to deliver a range of differentiated flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges. Geographically, it operates in United Kingdom and Europe, North America and Asia Pacific region, out of which it derives a majority of revenue from the North America.

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