KRM22 (LSE:KRM) Receivables Turnover : 3.40 (As of Jun. 2024)

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What is KRM22 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. KRM22's Revenue for the six months ended in Jun. 2024 was £3.29 Mil. KRM22's average Accounts Receivable for the six months ended in Jun. 2024 was £0.97 Mil. Hence, KRM22's Receivables Turnover for the six months ended in Jun. 2024 was 3.40.

KRM22 Receivables Turnover Historical Data

The historical data trend for KRM22'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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KRM22 Receivables Turnover Chart

KRM22 Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.24

5.74

6.31

6.75

6.40

KRM22 Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial									3.77	2.92	2.75	3.78	3.40

Competitive Comparison of KRM22's Receivables Turnover

For the Asset Management subindustry, KRM22'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.

KRM22's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, KRM22's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KRM22's Receivables Turnover falls into.

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KRM22 Receivables Turnover Calculation

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

KRM22'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 )
=	5.266	/ (	(0.939	+	0.706)	/	2 )
=	5.266	/	0.8225
=	6.40

KRM22's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	3.293	/ (	(0.706	+	1.232)	/	2 )
=	3.293	/	0.969
=	3.40

KRM22 (LSE:KRM) 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.

KRM22 Receivables Turnover Related Terms

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KRM22 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KRM22 PLC (LSE:KRM) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

5 Ireland Yard, London, GBR, EC4V 5EH

Website

https://www.krm22.com

KRM22 PLC is a closed-ended investment company. Its objective is to create value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets. The company is engaged in developing and investing in risk tools to support enterprise, market, compliance, operational, and technology risks. The company intends to invest and take controlling stakes in businesses or minority stakes that are intended to create value for investors. Geographically, the company derives the majority of its revenue from the USA and also has a presence in Europe, the UK, and the Rest of the world.

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