Pets at Home Group (LSE:PETS) Receivables Turnover : 20.24 (As of Mar. 2024)

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What is Pets at Home 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. Pets at Home Group's Revenue for the six months ended in Mar. 2024 was £702 Mil. Pets at Home Group's average Accounts Receivable for the six months ended in Mar. 2024 was £35 Mil. Hence, Pets at Home Group's Receivables Turnover for the six months ended in Mar. 2024 was 20.24.

Pets at Home Group Receivables Turnover Historical Data

The historical data trend for Pets at Home 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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Pets at Home Group Receivables Turnover Chart

Pets at Home Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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63.78

79.36

100.21

98.89

107.78

Pets at Home Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															19.70	18.43	17.47	22.44	20.24

Competitive Comparison of Pets at Home Group's Receivables Turnover

For the Specialty Retail subindustry, Pets at Home 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.

Pets at Home Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Pets at Home Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pets at Home Group's Receivables Turnover falls into.

Pets at Home Group Receivables Turnover Calculation

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

Pets at Home Group'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: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1476.6	/ (	(13.5	+	13.9)	/	2 )
=	1476.6	/	13.7
=	107.78

Pets at Home Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	702.4	/ (	(55.5	+	13.9)	/	2 )
=	702.4	/	34.7
=	20.24

Pets at Home Group (LSE:PETS) 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.

Pets at Home Group Receivables Turnover Related Terms

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Pets at Home Group (LSE:PETS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pets at Home Group PLC (LSE:PETS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PAHGF:USA PETSl:UK 6P8:Germany

Address

Epsom Avenue, Stanley Green Trading Estate, Handforth, Cheshire, GBR, SK9 3RN

Website

https://www.petsathome.com

Pets at Home Group PLC is an omnichannel British retailer operating mainly in the United Kingdom. The company has a network of stores, websites, grooming salons, and pet services, such as veterinary. The product portfolio is diverse, including items for dogs, cats, fish, reptiles, birds, and wildlife. The items sold are from the following categories: food, pet beds, toys, pet clothing, kennels, collars, healthcare, grooming, training, books, and accessories. The products are sold under the Pets at Home brand, private brand, and labels. The veterinary services are located within stores, as well as in stand-alone locations, throughout the U.K.