Foresight Group Holdings (LSE:FSG) Receivables Turnover : 4.18 (As of Mar. 2023)

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What is Foresight Group Holdings 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. Foresight Group Holdings's Revenue for the six months ended in Mar. 2023 was £68.4 Mil. Foresight Group Holdings's average Accounts Receivable for the six months ended in Mar. 2023 was £16.4 Mil. Hence, Foresight Group Holdings's Receivables Turnover for the six months ended in Mar. 2023 was 4.18.

Foresight Group Holdings Receivables Turnover Historical Data

The historical data trend for Foresight Group Holdings'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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Foresight Group Holdings Receivables Turnover Chart

Foresight Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.01

9.40

8.45

7.90

9.86

Foresight Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial					4.09	3.87	3.98	3.07	4.18

Competitive Comparison of Foresight Group Holdings's Receivables Turnover

For the Asset Management subindustry, Foresight Group Holdings'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.

Foresight Group Holdings's Receivables Turnover Distribution in the Asset Management Industry

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

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

Foresight Group Holdings Receivables Turnover Calculation

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

Foresight Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	119.155	/ (	(12.263	+	11.912)	/	2 )
=	119.155	/	12.0875
=	9.86

Foresight Group Holdings's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	68.435	/ (	(20.801	+	11.912)	/	2 )
=	68.435	/	16.3565
=	4.18

Foresight Group Holdings (LSE:FSG) 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.

Foresight Group Holdings Receivables Turnover Related Terms

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Foresight Group Holdings (LSE:FSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Foresight Group Holdings Ltd (LSE:FSG) » Definitions » Receivables Turnover

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FSGl:UK

Address

32 London Bridge Street, The Shard, London, GBR, SE1 9SG

Website

https://www.foresightgroup.eu

Foresight Group Holdings Ltd is an asset management company. The company is an independent infrastructure and private equity investment manager. It invests in renewable energy businesses and social infrastructure projects.