Ondo InsurTech (LSE:ONDO) Receivables Turnover : 2.39 (As of Sep. 2024)

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What is Ondo InsurTech 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. Ondo InsurTech's Revenue for the six months ended in Sep. 2024 was £1.68 Mil. Ondo InsurTech's average Accounts Receivable for the six months ended in Sep. 2024 was £0.71 Mil. Hence, Ondo InsurTech's Receivables Turnover for the six months ended in Sep. 2024 was 2.39.

Ondo InsurTech Receivables Turnover Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Receivables Turnover Chart

Ondo InsurTech Annual Data

Trend

Feb22

Mar24

Receivables Turnover

3.03

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	1.21	1.32	1.69	2.39

Competitive Comparison of Ondo InsurTech's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Receivables Turnover distribution charts can be found below:

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

Ondo InsurTech Receivables Turnover Calculation

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

Ondo InsurTech's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	2.691	/ (	(0	+	0.888)	/	1 )
=	2.691	/	0.888
=	3.03

Ondo InsurTech's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1.682	/ (	(0.888	+	0.522)	/	2 )
=	1.682	/	0.705
=	2.39

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech Receivables Turnover Related Terms

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Ondo InsurTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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