Versarien (LSE:VRS) Receivables Turnover : 1.89 (As of Sep. 2023)

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What is Versarien 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. Versarien's Revenue for the six months ended in Sep. 2023 was £2.83 Mil. Versarien's average Accounts Receivable for the six months ended in Sep. 2023 was £1.50 Mil. Hence, Versarien's Receivables Turnover for the six months ended in Sep. 2023 was 1.89.

Versarien Receivables Turnover Historical Data

The historical data trend for Versarien'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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Versarien Receivables Turnover Chart

Versarien Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Sep23

Receivables Turnover

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4.79

4.87

3.32

3.62

3.03

Versarien Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.98	1.26	1.10	1.16	1.89

Competitive Comparison of Versarien's Receivables Turnover

For the Specialty Chemicals subindustry, Versarien'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.

Versarien's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Versarien's Receivables Turnover distribution charts can be found below:

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

Versarien Receivables Turnover Calculation

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

Versarien'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: Mar. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	5.448	/ (	(2.558	+	1.037)	/	2 )
=	5.448	/	1.7975
=	3.03

Versarien'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 )
=	2.827	/ (	(1.955	+	1.037)	/	2 )
=	2.827	/	1.496
=	1.89

Versarien (LSE:VRS) 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.

Versarien Receivables Turnover Related Terms

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Versarien (LSE:VRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Versarien PLC (LSE:VRS) » Definitions » Receivables Turnover

Comparable Companies

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VRSRF:USA VRS.GB:UK 9RV:Germany

Address

Monmouth Road, Units 1A-D, Longhope Business Park, Longhope, Gloucestershire, GBR, GL17 0QZ

Website

https://www.versarien.com

Versarien PLC is an IP-led advanced engineering materials group that utilizes proprietary technology to create innovative new engineering solutions. The business activities of the group function through Graphene and Plastic Products and Hard Wear and Metallic Product segments. Graphene and Plastic Products focused on delivering graphene solutions through plastics and carbon fibre composites, and Hard Wear and Metallic Products focused on delivering aluminium and tungsten carbide products. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.