Saga (SGPLF) Receivables Turnover : 2.90 (As of Jan. 2024)

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What is Saga 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. Saga's Revenue for the six months ended in Jan. 2024 was $486.7 Mil. Saga's average Accounts Receivable for the six months ended in Jan. 2024 was $167.7 Mil. Hence, Saga's Receivables Turnover for the six months ended in Jan. 2024 was 2.90.

Saga Receivables Turnover Historical Data

The historical data trend for Saga'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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Saga Receivables Turnover Chart

Saga Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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6.17

2.85

3.30

5.05

5.62

Saga Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.53	2.00	2.10	2.67	2.90

Competitive Comparison of Saga's Receivables Turnover

For the Insurance - Diversified subindustry, Saga'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.

Saga's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Saga's Receivables Turnover distribution charts can be found below:

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

Saga Receivables Turnover Calculation

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

Saga's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	941.677	/ (	(172.95	+	162.262)	/	2 )
=	941.677	/	167.606
=	5.62

Saga's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	486.658	/ (	(173.067	+	162.262)	/	2 )
=	486.658	/	167.6645
=	2.90

Saga (OTCPK:SGPLF) 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.

Saga Receivables Turnover Related Terms

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Saga (SGPLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saga PLC (OTCPK:SGPLF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SAGAl:UK SAGA:UK 65J:Germany

Address

3 Pancras Square, London, GBR, N1C 4AG

Website

https://www.saga.co.uk

Saga PLC is a diversified insurance company that also offers lifestyle products and services. The company operates in two main segments: insurance, Cruise and travel. The company generates the vast majority of its revenue from the insurance segment, specifically through premiums and credit income. This segment offers retail motor broking, retail home broking, and underwriting products and services. The travel segment provides group tours, holiday packages, and cruises. Saga's customers are people aged 50 and older, and all revenue comes from the United Kingdom and also from Cruise and travel segment.