Speedy Hire (LSE:SDY) Receivables Turnover : 2.05 (As of Sep. 2024)

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What is Speedy Hire 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. Speedy Hire's Revenue for the six months ended in Sep. 2024 was £203.6 Mil. Speedy Hire's average Accounts Receivable for the six months ended in Sep. 2024 was £99.2 Mil. Hence, Speedy Hire's Receivables Turnover for the six months ended in Sep. 2024 was 2.05.

Speedy Hire Receivables Turnover Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Receivables Turnover Chart

Speedy Hire Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.90

3.52

4.00

4.45

4.40

Speedy Hire Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.98	2.10	2.02	2.11	2.05

Competitive Comparison of Speedy Hire's Receivables Turnover

For the Rental & Leasing Services subindustry, Speedy Hire'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.

Speedy Hire's Receivables Turnover Distribution in the Business Services Industry

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

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

Speedy Hire Receivables Turnover Calculation

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

Speedy Hire'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 )
=	421.5	/ (	(97.9	+	93.9)	/	2 )
=	421.5	/	95.9
=	4.40

Speedy Hire's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	203.6	/ (	(93.9	+	104.4)	/	2 )
=	203.6	/	99.15
=	2.05

Speedy Hire (LSE:SDY) 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.

Speedy Hire Receivables Turnover Related Terms

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Speedy Hire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SDYl:UK SDY.GB:UK 5HN:Germany

Address

16 The Parks, Chase House, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. The company's reporting segments are; Hire, Services, UK and Ireland, and Corporate. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.