Spectra Systems (LSE:SPSC) Receivables Turnover : 4.56 (As of Dec. 2024)

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What is Spectra Systems 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. Spectra Systems's Revenue for the six months ended in Dec. 2024 was £20.92 Mil. Spectra Systems's average Accounts Receivable for the six months ended in Dec. 2024 was £4.59 Mil. Hence, Spectra Systems's Receivables Turnover for the six months ended in Dec. 2024 was 4.56.

Spectra Systems Receivables Turnover Historical Data

The historical data trend for Spectra Systems'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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Spectra Systems Receivables Turnover Chart

Spectra Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.12

6.91

6.85

5.34

14.53

Spectra Systems Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.11	3.37	2.52	3.65	4.56

Competitive Comparison of Spectra Systems's Receivables Turnover

For the Software - Application subindustry, Spectra Systems'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.

Spectra Systems's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Spectra Systems's Receivables Turnover distribution charts can be found below:

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

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Spectra Systems Receivables Turnover Calculation

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

Spectra Systems's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	38.91	/ (	(2.984	+	2.373)	/	2 )
=	38.91	/	2.6785
=	14.53

Spectra Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	20.924	/ (	(6.801	+	2.373)	/	2 )
=	20.924	/	4.587
=	4.56

Spectra Systems (LSE:SPSC) 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.

Spectra Systems Receivables Turnover Related Terms

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Spectra Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spectra Systems Corp (LSE:SPSC) » Definitions » Receivables Turnover

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SPSY:UK

Address

40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903

Website

https://www.spsy.com

Spectra Systems Corp manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Security Printing, and Banknote Cleaning. The company derives maximum revenue from Authentication Systems that involve the hardware, software, and materials related to the authentication of banknotes, tax stamps, and other high-value goods.