SysGroup (LSE:SYS) Receivables Turnover : 5.81 (As of Sep. 2023)

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What is SysGroup 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. SysGroup's Revenue for the six months ended in Sep. 2023 was £10.96 Mil. SysGroup's average Accounts Receivable for the six months ended in Sep. 2023 was £1.89 Mil. Hence, SysGroup's Receivables Turnover for the six months ended in Sep. 2023 was 5.81.

SysGroup Receivables Turnover Historical Data

The historical data trend for SysGroup'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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SysGroup Receivables Turnover Chart

SysGroup Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.98

12.29

15.48

14.25

15.14

SysGroup Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															7.95	6.68	7.87	6.02	5.81

Competitive Comparison of SysGroup's Receivables Turnover

For the Software - Infrastructure subindustry, SysGroup'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.

SysGroup's Receivables Turnover Distribution in the Software Industry

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

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

SysGroup Receivables Turnover Calculation

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

SysGroup's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	21.648	/ (	(1.154	+	1.706)	/	2 )
=	21.648	/	1.43
=	15.14

SysGroup's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	10.963	/ (	(1.706	+	2.067)	/	2 )
=	10.963	/	1.8865
=	5.81

SysGroup (LSE:SYS) 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.

SysGroup Receivables Turnover Related Terms

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SysGroup (LSE:SYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SysGroup PLC (LSE:SYS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SYS.GB:UK

Address

Walker House, Exchange Flags, Liverpool, GBR, L2 3YL

Website

https://www.sysgroupplc.com

SysGroup PLC provides Cloud Hosting, Managed Services, and IT consultancy to medium and large enterprises. The company's operating segment includes Managed IT Services and Value Added Resale (VAR). It generates maximum revenue from the Managed IT Services segment. Managed IT Services segment provides managed services to customers as well as professional services. The value-added resale (VAR) segment provides all forms of VAR sales where the business sells products and licences from supplier partners. Geographically, it derives the majority of its revenue from the UK and has a presence in the Rest of the World. The company's brand includes Netplan; System Professional and Rockford.

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