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QCKSF (Quickstep Holdings) Receivables Turnover : 5.34 (As of Dec. 2024)


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What is Quickstep 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. Quickstep Holdings's Revenue for the six months ended in Dec. 2024 was $24.05 Mil. Quickstep Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was $4.50 Mil. Hence, Quickstep Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 5.34.


Quickstep Holdings Receivables Turnover Historical Data

The historical data trend for Quickstep 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.

* Premium members only.

Quickstep Holdings Receivables Turnover Chart

Quickstep Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.78 10.89 9.38 8.73 7.73

Quickstep Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 5.66 5.16 3.60 2.68 5.34

Competitive Comparison of Quickstep Holdings's Receivables Turnover

For the Aerospace & Defense subindustry, Quickstep 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.


Quickstep Holdings's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Quickstep Holdings's Receivables Turnover distribution charts can be found below:

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


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Quickstep Holdings Receivables Turnover Calculation

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

Quickstep Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=59.077 / ((8.204 + 7.079) / 2 )
=59.077 / 7.6415
=7.73

Quickstep Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=24.054 / ((7.079 + 1.927) / 2 )
=24.054 / 4.503
=5.34

* 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.


Quickstep Holdings  (OTCPK:QCKSF) 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.


Quickstep Holdings Receivables Turnover Related Terms

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Quickstep Holdings Business Description

Traded in Other Exchanges
Address
361 Milperra Road, Bankstown Airport, Bankstown Aerodrome, Sydney, NSW, AUS, 2200
Quickstep Holdings Ltd manufactures advanced composites for defense and commercial aerospace, and other industry manufacturing sectors. The group consisted of the production of parts for Northrop Grumman for the Joint Strike Fighter Project, C-130J wing flaps for Lockheed Martin, and Others. Its geographic segments include the United States of America, Australia, and the United Kingdom of which it generates the majority of its revenue from the United States of America.

Quickstep Holdings Headlines

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