Schroders (LSE:SDR) Receivables Turnover : 2.08 (As of Dec. 2023)

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What is Schroders 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. Schroders's Revenue for the six months ended in Dec. 2023 was £1,457 Mil. Schroders's average Accounts Receivable for the six months ended in Dec. 2023 was £700 Mil. Hence, Schroders's Receivables Turnover for the six months ended in Dec. 2023 was 2.08.

Schroders Receivables Turnover Historical Data

The historical data trend for Schroders'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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Schroders Receivables Turnover Chart

Schroders Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.56

10.67

9.95

10.38

13.50

Schroders 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															2.15	1.56	1.75	2.18	2.08

Competitive Comparison of Schroders's Receivables Turnover

For the Asset Management subindustry, Schroders'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.

Schroders's Receivables Turnover Distribution in the Asset Management Industry

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

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

Schroders Receivables Turnover Calculation

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

Schroders'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 )
=	2936.7	/ (	(195.1	+	239.9)	/	2 )
=	2936.7	/	217.5
=	13.50

Schroders'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 )
=	1456.8	/ (	(1160.4	+	239.9)	/	2 )
=	1456.8	/	700.15
=	2.08

Schroders (LSE:SDR) 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.

Schroders Receivables Turnover Related Terms

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Schroders (LSE:SDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Schroders PLC (LSE:SDR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SHNWF:USA SDRl:UK PYXB:Germany

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

https://www.schroders.com

Schroders is an independent, U.K.-based, active asset manager founded in 1804. The bulk of Schroders' client assets are from institutions, but its retail operations are more profitable. Schroders has also increasingly expanded its wealth management presence. The U.K. accounts for just under half of Schroders' assets under management, while continental Europe and Asia account for 20% each. In 2013 Schroders purchased the Cazenove private clients business from JP Morgan, expanding its wealth management business. It recently formed a joint venture with Lloyds Bank, Schroders Personal Wealth, to provide independent financial advice to midmarket clients. Wealth management makes up around 15% of earnings and revenue.

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