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Gym Group (The) (LSE:GYM) Receivables Turnover : 31.58 (As of Dec. 2023)


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What is Gym Group (The) 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. Gym Group (The)'s Revenue for the six months ended in Dec. 2023 was £104.2 Mil. Gym Group (The)'s average Accounts Receivable for the six months ended in Dec. 2023 was £3.3 Mil. Hence, Gym Group (The)'s Receivables Turnover for the six months ended in Dec. 2023 was 31.58.


Gym Group (The) Receivables Turnover Historical Data

The historical data trend for Gym Group (The)'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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Gym Group (The) Receivables Turnover Chart

Gym Group (The) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.93 58.74 141.33 247.00 177.39

Gym Group (The) Semi-Annual Data
Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.89 18.92 20.39 36.29 31.58

Competitive Comparison of Gym Group (The)'s Receivables Turnover

For the Leisure subindustry, Gym Group (The)'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.


Gym Group (The)'s Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gym Group (The)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gym Group (The)'s Receivables Turnover falls into.



Gym Group (The) Receivables Turnover Calculation

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

Gym Group (The)'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 )
=204 / ((0.6 + 1.7) / 2 )
=204 / 1.15
=177.39

Gym Group (The)'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 )
=104.2 / ((4.9 + 1.7) / 2 )
=104.2 / 3.3
=31.58

* 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.


Gym Group (The)  (LSE:GYM) 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.


Gym Group (The) Receivables Turnover Related Terms

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Gym Group (The) (LSE:GYM) Business Description

Traded in Other Exchanges
Address
12-16 Addiscombe Road, 5th Floor, OneCroydon, Croydon, GBR, CR0 0XT
Gym Group (The) PLC provides low-cost, 24/7 health and fitness facilities across the United Kingdom. The company offers flexible no-contract gym memberships, and it also ensures that all its sites have easy-access parking or are close to transportation hubs. The facilities include a wide variety of equipment as well to deliver value-for-the-money for its members. It generates the majority of its revenue from Membership income.

Gym Group (The) (LSE:GYM) Headlines

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