SigmaRoc (LSE:SRC) Receivables Turnover : 3.13 (As of Dec. 2023)

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What is SigmaRoc 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. SigmaRoc's Revenue for the six months ended in Dec. 2023 was £290.3 Mil. SigmaRoc's average Accounts Receivable for the six months ended in Dec. 2023 was £92.6 Mil. Hence, SigmaRoc's Receivables Turnover for the six months ended in Dec. 2023 was 3.13.

SigmaRoc Receivables Turnover Historical Data

The historical data trend for SigmaRoc'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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SigmaRoc Receivables Turnover Chart

SigmaRoc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.19

7.59

6.46

7.42

7.08

SigmaRoc 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															3.86	3.08	3.36	3.24	3.13

Competitive Comparison of SigmaRoc's Receivables Turnover

For the Building Materials subindustry, SigmaRoc'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.

SigmaRoc's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, SigmaRoc's Receivables Turnover distribution charts can be found below:

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

SigmaRoc Receivables Turnover Calculation

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

SigmaRoc'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 )
=	580.285	/ (	(78.879	+	85.033)	/	2 )
=	580.285	/	81.956
=	7.08

SigmaRoc'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 )
=	290.267	/ (	(100.264	+	85.033)	/	2 )
=	290.267	/	92.6485
=	3.13

SigmaRoc (LSE:SRC) 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.

SigmaRoc Receivables Turnover Related Terms

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SigmaRoc (LSE:SRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SigmaRoc PLC (LSE:SRC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

M2I2:Germany

Address

6 Heddon Street, London, GBR, W1B 4BT

Website

https://www.sigmaroc.com

SigmaRoc PLC is involved in the construction materials business. The company's activity is to make investments and acquire projects in the construction materials sector. Its geographical segments include the United Kingdom, Channel Islands, Northern Europe, and Belgium. The company derives a majority of its revenue from Northern Europe. The Group has three geographical regions, North West which comprises of PPG, England, Wales and Channel Islands; West which comprises of Dimension Stone and Benelux; and North East which comprises of Quicklime, Nordics, Poland and Baltics. Activities in the North West, West and North East regions relate to the production and sale of construction material products and services.