Maistro (LSE:MAIS) Receivables Turnover : 2.75 (As of Dec. 2018)

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What is Maistro 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. Maistro's Revenue for the six months ended in Dec. 2018 was £0.91 Mil. Maistro's average Accounts Receivable for the six months ended in Dec. 2018 was £0.33 Mil. Hence, Maistro's Receivables Turnover for the six months ended in Dec. 2018 was 2.75.

Maistro Receivables Turnover Historical Data

The historical data trend for Maistro'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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Maistro Receivables Turnover Chart

Maistro Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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2.70

5.13

7.27

6.10

4.61

Maistro Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
Receivables Turnover	Get a 7-Day Free Trial										13.53	5.09	3.56	3.20	2.75

Competitive Comparison of Maistro's Receivables Turnover

For the Software - Application subindustry, Maistro'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.

Maistro's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Maistro's Receivables Turnover distribution charts can be found below:

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

Maistro Receivables Turnover Calculation

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

Maistro's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	1.502	/ (	(0.183	+	0.469)	/	2 )
=	1.502	/	0.326
=	4.61

Maistro's Receivables Turnover for the quarter that ended in Dec. 2018 is calculated as

	Receivables Turnover (Q: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Dec. 2018 ))	/	count )
=	0.906	/ (	(0.189	+	0.469)	/	2 )
=	0.906	/	0.329
=	2.75

Maistro (LSE:MAIS) 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.

Maistro Receivables Turnover Related Terms

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Maistro (LSE:MAIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maistro PLC (LSE:MAIS) » Definitions » Receivables Turnover

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Address

3 Babbage Way, 1A, Grow On Building, Science Park, Clyst Honiton, Exeter, Devon, GBR, EX5 2FN

Website

https://www.maistro.com

Maistro PLC operates an enterprise services platform that helps organizations eliminated the waste and inefficiency inherent in traditional purchasing of business services. It provides cloud-based software and managed services to create an end to end solution that includes sourcing, supplier short listing, contract and project management through to payment processing and reporting. The firm has the provision of services segment. It derives revenue from Buyer plans, Buyer premium services, Buyer market intelligence tools, Service provider subscriptions and Project revenue. The company operates mainly in UK and US.

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