Westminster Group (LSE:WSG) Receivables Turnover : 0.73 (As of Dec. 2023)

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

What is Westminster Group 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. Westminster Group's Revenue for the six months ended in Dec. 2023 was £2.90 Mil. Westminster Group's average Accounts Receivable for the six months ended in Dec. 2023 was £3.98 Mil. Hence, Westminster Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.73.

Westminster Group Receivables Turnover Historical Data

The historical data trend for Westminster Group'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.

Westminster Group Receivables Turnover Chart

Westminster Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

Get a 7-Day Free Trial

10.72

12.36

7.03

6.15

7.65

Westminster Group 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															2.06	1.60	2.02	1.05	0.73

Competitive Comparison of Westminster Group's Receivables Turnover

For the Security & Protection Services subindustry, Westminster Group'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.

Westminster Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Westminster Group's Receivables Turnover distribution charts can be found below:

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

Westminster Group Receivables Turnover Calculation

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

Westminster Group's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	7.051	/ (	(0.707	+	1.137)	/	2 )
=	7.051	/	0.922
=	7.65

Westminster Group'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 )
=	2.904	/ (	(4.818	+	3.149)	/	2 )
=	2.904	/	3.9835
=	0.73

Westminster Group (LSE:WSG) 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.

Westminster Group Receivables Turnover Related Terms

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

Westminster Group (LSE:WSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Westminster Group PLC (LSE:WSG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3W5:Germany

Address

Blacklocks Hill, Westminster House, Banbury, Oxfordshire, GBR, OX17 2BS

Website

https://www.wsg-corporate.com

Westminster Group PLC designs, supplies, and provides ongoing support for technology security solutions. The company's operating division includes managed services and technology segments. The company generates maximum revenue from the managed services segment. Geographically, the company derives a majority of its revenue from the Middle East and also has a presence in the United Kingdom and Europe, Africa, and the Rest of the World. The activities of the company include the design, supply, and ongoing support of technology security solutions, encompassing a wide range of surveillance, detection, tracking, and interception technologies and the provision of long-term managed services.