Transense Technologies (LSE:TRT) Receivables Turnover : 2.33 (As of Dec. 2023)

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What is Transense Technologies 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. Transense Technologies's Revenue for the six months ended in Dec. 2023 was £1.81 Mil. Transense Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was £0.77 Mil. Hence, Transense Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 2.33.

Transense Technologies Receivables Turnover Historical Data

The historical data trend for Transense Technologies'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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Transense Technologies Receivables Turnover Chart

Transense Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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1.35

1.94

12.85

11.42

12.43

Transense Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.78	2.70	2.01	2.45	2.33

Competitive Comparison of Transense Technologies's Receivables Turnover

For the Auto Parts subindustry, Transense Technologies'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.

Transense Technologies's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Transense Technologies's Receivables Turnover distribution charts can be found below:

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

Transense Technologies Receivables Turnover Calculation

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

Transense Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3.529	/ (	(0.326	+	0.242)	/	2 )
=	3.529	/	0.284
=	12.43

Transense Technologies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.805	/ (	(0.242	+	1.305)	/	2 )
=	1.805	/	0.7735
=	2.33

Transense Technologies (LSE:TRT) 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.

Transense Technologies Receivables Turnover Related Terms

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Transense Technologies (LSE:TRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Transense Technologies PLC (LSE:TRT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TRT.GB:UK

Address

1 Landscape Close, Weston-on-the Green, Bicester, Oxfordshire, GBR, OX25 3SX

Website

https://www.transense.com

Transense Technologies PLC is engaged in the provision of tyre management solutions. It develops, manufactures, and sells specialist Tyre probes and Transense tyre pressure monitoring technology (TPMS) monitoring solutions and associated technologies. The company development of non-contact batteryless sensors and their electronic interrogation systems for measuring pressure, temperature, and torque in automotive and non-automotive applications. Its operating segment includes SAW, Translogik, and iTrack royalties. The company generates maximum revenue from iTrack royalties segment. Geographically, it derives the majority of its revenue from Europe and has a presence in Chile; Australia; UK and North America; Japan, and the Rest of the World.

Transense Technologies (LSE:TRT) Headlines

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