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Rentokil Initial (LSE:RTO) Receivables Turnover : 3.11 (As of Dec. 2023)


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What is Rentokil Initial 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. Rentokil Initial's Revenue for the six months ended in Dec. 2023 was £2,704 Mil. Rentokil Initial's average Accounts Receivable for the six months ended in Dec. 2023 was £870 Mil. Hence, Rentokil Initial's Receivables Turnover for the six months ended in Dec. 2023 was 3.11.


Rentokil Initial Receivables Turnover Historical Data

The historical data trend for Rentokil Initial'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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Rentokil Initial Receivables Turnover Chart

Rentokil Initial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.50 5.24 5.39 5.47 6.29

Rentokil Initial Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.89 2.77 2.98 3.16 3.11

Competitive Comparison of Rentokil Initial's Receivables Turnover

For the Specialty Business Services subindustry, Rentokil Initial'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.


Rentokil Initial's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rentokil Initial's Receivables Turnover distribution charts can be found below:

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



Rentokil Initial Receivables Turnover Calculation

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

Rentokil Initial'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 )
=5375 / ((830 + 880) / 2 )
=5375 / 855
=6.29

Rentokil Initial's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2704 / ((859 + 880) / 2 )
=2704 / 869.5
=3.11

* 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.


Rentokil Initial  (LSE:RTO) 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.


Rentokil Initial Receivables Turnover Related Terms

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Rentokil Initial (LSE:RTO) Business Description

Traded in Other Exchanges
Address
Manor Royal, Compass House, Crawley, West Sussex, GBR, RH10 9PY
Rentokil Initial is a leading global provider of route-based pest-control and commercial hygiene services, operating in 83 countries. The group also offers a range of specialist route-based services including office and commercial space plant care, property care, and workwear rentals. The group has a diverse client base that includes global food producers, hotel chains, industrial goods businesses, restaurants, and individual residential customers.

Rentokil Initial (LSE:RTO) Headlines