Crimson Tide (LSE:TIDE) Receivables Turnover : 2.79 (As of Jun. 2024)

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What is Crimson Tide 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. Crimson Tide's Revenue for the six months ended in Jun. 2024 was £3.14 Mil. Crimson Tide's average Accounts Receivable for the six months ended in Jun. 2024 was £1.13 Mil. Hence, Crimson Tide's Receivables Turnover for the six months ended in Jun. 2024 was 2.79.

Crimson Tide Receivables Turnover Historical Data

The historical data trend for Crimson Tide'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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Crimson Tide Receivables Turnover Chart

Crimson Tide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.31

5.61

5.78

5.62

5.10

Crimson Tide Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.03	2.32	1.84	2.11	2.79

Competitive Comparison of Crimson Tide's Receivables Turnover

For the Software - Application subindustry, Crimson Tide'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.

Crimson Tide's Receivables Turnover Distribution in the Software Industry

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

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

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Crimson Tide Receivables Turnover Calculation

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

Crimson Tide's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	5.351	/ (	(0.888	+	1.209)	/	2 )
=	5.351	/	1.0485
=	5.10

Crimson Tide's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	3.142	/ (	(0.849	+	1.406)	/	2 )
=	3.142	/	1.1275
=	2.79

Crimson Tide (LSE:TIDE) 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.

Crimson Tide Receivables Turnover Related Terms

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Crimson Tide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crimson Tide PLC (LSE:TIDE) » Definitions » Receivables Turnover

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Address

77 Mount Ephraim, Crimson Tide, Brockbourne House, Tunbridge Wells, Kent, GBR, TN4 8BS

Website

https://www.crimsontide.co.uk

Crimson Tide PLC is a UK-based company that is engaged in the provision of mobility solutions and related software development. The company provides mpro software which is a Maas (Mobility as a Service) that provides job scheduling, alerting, and reporting. It aims to improve the efficiency of staff working and capturing data out in the field. The company also provides non-core software solutions which include reselling third-party software and related development and support services. The majority of the company's revenue comes from mobility solutions and geographically from the United Kingdom.

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