Team (LSE:TEAM) Receivables Turnover : 5.96 (As of Sep. 2023)

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What is Team 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. Team's Revenue for the six months ended in Sep. 2023 was £3.43 Mil. Team's average Accounts Receivable for the six months ended in Sep. 2023 was £0.57 Mil. Hence, Team's Receivables Turnover for the six months ended in Sep. 2023 was 5.96.

Team Receivables Turnover Historical Data

The historical data trend for Team'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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Team Receivables Turnover Chart

Team Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

5.07

5.78

18.01

Team Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.47	2.28	2.36	2.78	5.96

Competitive Comparison of Team's Receivables Turnover

For the Asset Management subindustry, Team'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.

Team's Receivables Turnover Distribution in the Asset Management Industry

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

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

Team Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	5.323	/ (	(0.403	+	0.188)	/	2 )
=	5.323	/	0.2955
=	18.01

Team'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 )
=	3.425	/ (	(0.961	+	0.188)	/	2 )
=	3.425	/	0.5745
=	5.96

Team (LSE:TEAM) 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.

Team Receivables Turnover Related Terms

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Team (LSE:TEAM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

1WQ:Germany

Address

6 Caledonia Place, 1st Floor, Saint Helier, JEY, JE2 3NG

Website

https://www.teamassetmanagement.com

Team PLC is a specialist, investment-led active fund manager providing discretionary and advisory portfolio management services to private clients, trusts, and charities.