Kier Group (LSE:KIE) Receivables Turnover : 11.67 (As of Dec. 2023)

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What is Kier 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. Kier Group's Revenue for the six months ended in Dec. 2023 was £1,862 Mil. Kier Group's average Accounts Receivable for the six months ended in Dec. 2023 was £160 Mil. Hence, Kier Group's Receivables Turnover for the six months ended in Dec. 2023 was 11.67.

Kier Group Receivables Turnover Historical Data

The historical data trend for Kier 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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Kier Group Receivables Turnover Chart

Kier Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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15.01

17.20

21.83

22.45

27.32

Kier 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															7.89	8.64	8.69	11.99	11.67

Competitive Comparison of Kier Group's Receivables Turnover

For the Engineering & Construction subindustry, Kier 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.

Kier Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kier Group's Receivables Turnover distribution charts can be found below:

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

Kier Group Receivables Turnover Calculation

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

Kier Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3380.7	/ (	(144.6	+	102.9)	/	2 )
=	3380.7	/	123.75
=	27.32

Kier 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 )
=	1862.1	/ (	(102.9	+	216.1)	/	2 )
=	1862.1	/	159.5
=	11.67

Kier Group (LSE:KIE) 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.

Kier Group Receivables Turnover Related Terms

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Kier Group (LSE:KIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kier Group PLC (LSE:KIE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KIEl:UK 10I:Germany

Address

Optimum House, 2nd Floor, Clippers Quay, Salford, GBR, M50 3XP

Website

http://www.kier.co.uk

Kier Group PLC is a construction, services, and property company that builds and maintains projects for various sectors. Its design and engineering capabilities meet the specifications for public and private customers. The construction segment works in both the public and private sectors through local bases and offers national coverage for its clients. The infrastructure services segment is focused on four main markets: highways, utilities, infrastructure, and rail. The property segment, which invests and develops schemes and sites across the United Kingdom and the last segment is corporate segment. Kier plans to divest from this segment to free up capital for the other segments. The U.K. accounts majority of its revenue, with the rest split among the Americas, Middle East, and Far East.