MicroSalt (LSE:SALT) Receivables Turnover : 0.00 (As of Jun. 2023)

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What is MicroSalt 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. MicroSalt's Revenue for the three months ended in Jun. 2023 was £0.00 Mil. MicroSalt's average Accounts Receivable for the three months ended in Jun. 2023 was £0.10 Mil.

MicroSalt Receivables Turnover Historical Data

The historical data trend for MicroSalt'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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MicroSalt Receivables Turnover Chart

MicroSalt Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

1.00

2.17

9.61

MicroSalt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	-	-	-	-	-

Competitive Comparison of MicroSalt's Receivables Turnover

For the Packaged Foods subindustry, MicroSalt'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.

MicroSalt's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MicroSalt's Receivables Turnover distribution charts can be found below:

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

MicroSalt Receivables Turnover Calculation

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

MicroSalt's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.524	/ (	(0.014	+	0.095)	/	2 )
=	0.524	/	0.0545
=	9.61

MicroSalt's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.095	+	0.107)	/	2 )
=	0	/	0.101
=	N/A

MicroSalt (LSE:SALT) 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.

MicroSalt Receivables Turnover Related Terms

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MicroSalt (LSE:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.microsaltinc.com

MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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