NEX Group (NEX Group) Receivables Turnover : 2.47 (As of Mar. 2018)

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What is NEX 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. NEX Group's Revenue for the six months ended in Mar. 2018 was $424.6 Mil. NEX Group's average Accounts Receivable for the six months ended in Mar. 2018 was $171.9 Mil. Hence, NEX Group's Receivables Turnover for the six months ended in Mar. 2018 was 2.47.

NEX Group Receivables Turnover Historical Data

The historical data trend for NEX 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.

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NEX Group Receivables Turnover Chart

NEX Group Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Receivables Turnover

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0.08

0.02

0.04

4.97

8.03

NEX Group Semi-Annual Data
	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18
Receivables Turnover	Get a 7-Day Free Trial															0.02	0.01	0.01	2.35	2.47

Competitive Comparison of NEX Group's Receivables Turnover

For the Capital Markets subindustry, NEX 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.

NEX Group's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NEX Group's Receivables Turnover distribution charts can be found below:

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

NEX Group Receivables Turnover Calculation

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

NEX Group's Receivables Turnover for the fiscal year that ended in Mar. 2018 is calculated as

	Receivables Turnover (A: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2018 )	/ (	(Accounts Receivable (A: Mar. 2017 )	+	Accounts Receivable (A: Mar. 2018 ))	/	count )
=	825.419	/ (	(93.827	+	111.732)	/	2 )
=	825.419	/	102.7795
=	8.03

NEX Group's Receivables Turnover for the quarter that ended in Mar. 2018 is calculated as

	Receivables Turnover (Q: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2018 )	/ (	(Accounts Receivable (Q: Sep. 2017 )	+	Accounts Receivable (Q: Mar. 2018 ))	/	count )
=	424.581	/ (	(232	+	111.732)	/	2 )
=	424.581	/	171.866
=	2.47

NEX Group (GREY:NEXGY) 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.

NEX Group Receivables Turnover Related Terms

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NEX Group (NEX Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NEX Group PLC (GREY:NEXGY) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.nex.com

NEX Group PLC provides electronic execution, risk mitigation, messaging, broking and information services for wholesale market participants. The Company's reportable segments include NEX Markets and NEX Optimisation. The company acts as an intermediary for FX and fixed income products through the Group's electronic platforms. It is also involved in a non-advisory capacity as principals in the matched purchase and sale of financial instruments between clients and provides technology development services.

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