T42 IoT Tracking Solutions (LSE:TRAC) Receivables Turnover : 3.12 (As of Jun. 2023)

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What is T42 IoT Tracking Solutions 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. T42 IoT Tracking Solutions's Revenue for the six months ended in Jun. 2023 was £1.35 Mil. T42 IoT Tracking Solutions's average Accounts Receivable for the six months ended in Jun. 2023 was £0.43 Mil. Hence, T42 IoT Tracking Solutions's Receivables Turnover for the six months ended in Jun. 2023 was 3.12.

T42 IoT Tracking Solutions Receivables Turnover Historical Data

The historical data trend for T42 IoT Tracking Solutions'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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T42 IoT Tracking Solutions Receivables Turnover Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.36

3.45

3.19

4.69

7.28

T42 IoT Tracking Solutions Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.38	2.83	3.42	3.31	3.12

Competitive Comparison of T42 IoT Tracking Solutions's Receivables Turnover

For the Scientific & Technical Instruments subindustry, T42 IoT Tracking Solutions'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.

T42 IoT Tracking Solutions's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, T42 IoT Tracking Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where T42 IoT Tracking Solutions's Receivables Turnover falls into.

T42 IoT Tracking Solutions Receivables Turnover Calculation

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

T42 IoT Tracking Solutions'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 )
=	3.318	/ (	(0.511	+	0.401)	/	2 )
=	3.318	/	0.456
=	7.28

T42 IoT Tracking Solutions's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1.352	/ (	(0.401	+	0.465)	/	2 )
=	1.352	/	0.433
=	3.12

T42 IoT Tracking Solutions (LSE:TRAC) 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.

T42 IoT Tracking Solutions Receivables Turnover Related Terms

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T42 IoT Tracking Solutions (LSE:TRAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (LSE:TRAC) » Definitions » Receivables Turnover

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TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.