Sorted Group Holdings (Sorted Group Holdings) Receivables Turnover : 0.21 (As of Jun. 2023)

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What is Sorted Group Holdings 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. Sorted Group Holdings's Revenue for the six months ended in Jun. 2023 was $0.04 Mil. Sorted Group Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $0.20 Mil. Hence, Sorted Group Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 0.21.

Sorted Group Holdings Receivables Turnover Historical Data

The historical data trend for Sorted Group Holdings'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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Sorted Group Holdings Receivables Turnover Chart

Sorted Group Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.58

4.91

1.05

0.77

0.63

Sorted Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.14	0.33	0.65	-	0.21

Competitive Comparison of Sorted Group Holdings's Receivables Turnover

For the Software - Application subindustry, Sorted Group Holdings'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.

Sorted Group Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sorted Group Holdings's Receivables Turnover distribution charts can be found below:

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

Sorted Group Holdings Receivables Turnover Calculation

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

Sorted Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.135	/ (	(0.234	+	0.196)	/	2 )
=	0.135	/	0.215
=	0.63

Sorted Group Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.043	/ (	(0.196	+	0.212)	/	2 )
=	0.043	/	0.204
=	0.21

Sorted Group Holdings (OTCPK:PXAMF) 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.

Sorted Group Holdings Receivables Turnover Related Terms

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Sorted Group Holdings (Sorted Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sorted Group Holdings PLC (OTCPK:PXAMF) » Definitions » Receivables Turnover

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LSAI:UK

Address

First Floor, St James House, St James Square, Cheltenham, Gloucestershire, GBR, GL50 3PR

Website

https://www.locationsciencesgroup.ai

Location Sciences Group PLC UK-based mobile commerce company. The company is engaged in providing mobile advertising and data technology to enable various brands to advertise and engage directly with consumers' mobile phones, via utilizing Bluetooth Low Energy beacons. The company's segment includes Verify, and Location Data and Insights. The company derives maximum revenue from the Location Data and Insights segment. The company's geographical segments include the UK and the Rest of the World of which the UK generates the majority of revenue.

Sorted Group Holdings (Sorted Group Holdings) Headlines

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