GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WasteCo Group Ltd (NZSE:WCO) » Definitions » Receivables Turnover

WasteCo Group (NZSE:WCO) Receivables Turnover : 3.92 (As of Sep. 2024)


View and export this data going back to 2013. Start your Free Trial

What is WasteCo 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. WasteCo Group's Revenue for the six months ended in Sep. 2024 was NZ$25.03 Mil. WasteCo Group's average Accounts Receivable for the six months ended in Sep. 2024 was NZ$6.38 Mil. Hence, WasteCo Group's Receivables Turnover for the six months ended in Sep. 2024 was 3.92.


WasteCo Group Receivables Turnover Historical Data

The historical data trend for WasteCo 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.

WasteCo Group Receivables Turnover Chart

WasteCo Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 6.83 8.18

WasteCo Group Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 3.64 4.18 3.92

Competitive Comparison of WasteCo Group's Receivables Turnover

For the Waste Management subindustry, WasteCo 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.


WasteCo Group's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, WasteCo Group's Receivables Turnover distribution charts can be found below:

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


;
;

WasteCo Group Receivables Turnover Calculation

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

WasteCo Group's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=48.233 / ((5.038 + 6.76) / 2 )
=48.233 / 5.899
=8.18

WasteCo Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=25.029 / ((6.76 + 6.005) / 2 )
=25.029 / 6.3825
=3.92

* 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.


WasteCo Group  (NZSE:WCO) 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.


WasteCo Group Receivables Turnover Related Terms

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


WasteCo Group Business Description

Traded in Other Exchanges
N/A
Address
421 Blenheim Road, Upper Riccarton, Christchurch, NZL, 8041
WasteCo Group Ltd provides solutions in the collection of waste and recycling, sweeping services, and industrial cleaning services and is also committed to providing solutions for all liquid and solid waste removal, treatment, and disposal. The group derives revenue from Waste collection, recycling, and disposal services, Sweeping services, and Industrial cleaning services.

WasteCo Group Headlines

No Headlines