i(x) Net Zero (LSE:IX.) Receivables Turnover : 0.50 (As of Jun. 2023)

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What is i(x) Net Zero 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. i(x) Net Zero's Revenue for the six months ended in Jun. 2023 was £0.02 Mil. i(x) Net Zero's average Accounts Receivable for the six months ended in Jun. 2023 was £0.04 Mil. Hence, i(x) Net Zero's Receivables Turnover for the six months ended in Jun. 2023 was 0.50.

i(x) Net Zero Receivables Turnover Historical Data

The historical data trend for i(x) Net Zero'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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i(x) Net Zero Receivables Turnover Chart

i(x) Net Zero Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

8.23

0.01

0.05

i(x) Net Zero Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	0.04	0.50

Competitive Comparison of i(x) Net Zero's Receivables Turnover

For the Asset Management subindustry, i(x) Net Zero'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.

i(x) Net Zero's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, i(x) Net Zero's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where i(x) Net Zero's Receivables Turnover falls into.

i(x) Net Zero Receivables Turnover Calculation

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

i(x) Net Zero's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.002	/ (	(0.03	+	0.055)	/	2 )
=	0.002	/	0.0425
=	0.05

i(x) Net Zero's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.019	/ (	(0.055	+	0.021)	/	2 )
=	0.019	/	0.038
=	0.50

i(x) Net Zero (LSE:IX.) 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.

i(x) Net Zero Receivables Turnover Related Terms

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i(x) Net Zero (LSE:IX.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » i(x) Net Zero PLC (LSE:IX.) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

44 Esplanade Street, 3rd Floor, St Helier, JEY, JE4 9WG

Website

https://www.ixnetzero.com

i(x) Net Zero PLC is an investment company that focuses on Energy Transition and Sustainability in the Built Environment. It provides its shareholders with the opportunity to create long-term capital growth with a positive, scalable, measurable, and sustainable impact on the environment and on the communities it serves.

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