Tracsis (LSE:TRCS) Receivables Turnover : 2.89 (As of Jul. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Tracsis 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. Tracsis's Revenue for the six months ended in Jul. 2024 was £44.44 Mil. Tracsis's average Accounts Receivable for the six months ended in Jul. 2024 was £15.38 Mil. Hence, Tracsis's Receivables Turnover for the six months ended in Jul. 2024 was 2.89.

Tracsis Receivables Turnover Historical Data

The historical data trend for Tracsis'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.

* Premium members only.

Tracsis Receivables Turnover Chart

Tracsis Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

Get a 7-Day Free Trial

7.23

7.58

5.04

4.71

4.82

Tracsis Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Receivables Turnover	Get a 7-Day Free Trial															2.62	2.16	2.50	2.44	2.89

Competitive Comparison of Tracsis's Receivables Turnover

For the Software - Application subindustry, Tracsis'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.

Tracsis's Receivables Turnover Distribution in the Software Industry

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

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

Tracsis Receivables Turnover Calculation

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

Tracsis's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	81.022	/ (	(16.432	+	17.158)	/	2 )
=	81.022	/	16.795
=	4.82

Tracsis's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

	Receivables Turnover (Q: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2024 )	/ (	(Accounts Receivable (Q: Jan. 2024 )	+	Accounts Receivable (Q: Jul. 2024 ))	/	count )
=	44.44	/ (	(13.605	+	17.158)	/	2 )
=	44.44	/	15.3815
=	2.89

Tracsis (LSE:TRCS) 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.

Tracsis Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Tracsis's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tracsis Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TCIIF:USA TRCS.GB:UK

Address

Discovery Way, Nexus, Leeds, GBR, LS2 3AA

Website

https://www.tracsis.com

Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Europe, North America Australia, and the Rest of the world.

Tracsis Headlines

No Headlines