Frenkel Topping Group (LSE:FEN) Receivables Turnover : 1.50 (As of Dec. 2023)

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What is Frenkel Topping 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. Frenkel Topping Group's Revenue for the six months ended in Dec. 2023 was £16.77 Mil. Frenkel Topping Group's average Accounts Receivable for the six months ended in Dec. 2023 was £11.18 Mil. Hence, Frenkel Topping Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.50.

Frenkel Topping Group Receivables Turnover Historical Data

The historical data trend for Frenkel Topping 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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Frenkel Topping Group Receivables Turnover Chart

Frenkel Topping Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.49

4.19

3.81

2.92

2.99

Frenkel Topping 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															1.78	1.58	1.50	1.48	1.50

Competitive Comparison of Frenkel Topping Group's Receivables Turnover

For the Asset Management subindustry, Frenkel Topping 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.

Frenkel Topping Group's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Frenkel Topping Group's Receivables Turnover distribution charts can be found below:

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

Frenkel Topping Group Receivables Turnover Calculation

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

Frenkel Topping 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 )
=	32.809	/ (	(10.661	+	11.282)	/	2 )
=	32.809	/	10.9715
=	2.99

Frenkel Topping 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 )
=	16.767	/ (	(11.086	+	11.282)	/	2 )
=	16.767	/	11.184
=	1.50

Frenkel Topping Group (LSE:FEN) 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.

Frenkel Topping Group Receivables Turnover Related Terms

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Frenkel Topping Group (LSE:FEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Frenkel Topping Group PLC (LSE:FEN) » Definitions » Receivables Turnover

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Address

15 Carolina Way, Frenkel House, Salford, Manchester, GBR, M50 2ZY

Website

https://www.frenkeltopping.co.uk

Frenkel Topping Group PLC is a part of the financial services domain in the United Kingdom. Its business involves the provision of specialist independent financial advice and wealth management focused on asset protection. The operating segment includes financial services, Costs Law and Other Professional Services Its primary objective is to grow the assets under management. The company derives revenue mainly from its activities in the United Kingdom.