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Polar Capital Holdings (LSE:POLR) Receivables Turnover : 4.85 (As of Sep. 2023)


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What is Polar Capital Holdings 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. Polar Capital Holdings's Revenue for the six months ended in Sep. 2023 was £86.9 Mil. Polar Capital Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was £17.9 Mil. Hence, Polar Capital Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 4.85.


Polar Capital Holdings Receivables Turnover Historical Data

The historical data trend for Polar Capital Holdings'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.

* Premium members only.

Polar Capital Holdings Receivables Turnover Chart

Polar Capital Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.61 13.52 14.05 12.23 11.41

Polar Capital Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.57 5.18 4.57 5.41 4.85

Competitive Comparison of Polar Capital Holdings's Receivables Turnover

For the Asset Management subindustry, Polar Capital Holdings'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.


Polar Capital Holdings's Receivables Turnover Distribution in the Asset Management Industry

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

* The bar in red indicates where Polar Capital Holdings's Receivables Turnover falls into.



Polar Capital Holdings Receivables Turnover Calculation

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

Polar Capital Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=182.877 / ((18.929 + 13.117) / 2 )
=182.877 / 16.023
=11.41

Polar Capital Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=86.891 / ((13.117 + 22.7) / 2 )
=86.891 / 17.9085
=4.85

* 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.


Polar Capital Holdings  (LSE:POLR) 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.


Polar Capital Holdings Receivables Turnover Related Terms

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Polar Capital Holdings (LSE:POLR) Business Description

Traded in Other Exchanges
Address
16 Palace Street, London, GBR, SW1E 5JD
Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

Polar Capital Holdings (LSE:POLR) Headlines

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