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VRSRF (Versarien) Receivables Turnover : 1.06 (As of Mar. 2024)


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What is Versarien 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. Versarien's Revenue for the six months ended in Mar. 2024 was $1.70 Mil. Versarien's average Accounts Receivable for the six months ended in Mar. 2024 was $1.61 Mil. Hence, Versarien's Receivables Turnover for the six months ended in Mar. 2024 was 1.06.


Versarien Receivables Turnover Historical Data

The historical data trend for Versarien'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.

Versarien Receivables Turnover Chart

Versarien Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 4.73 3.52 3.55 2.90

Versarien Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24
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 1.26 1.07 1.11 1.91 1.06

Competitive Comparison of Versarien's Receivables Turnover

For the Specialty Chemicals subindustry, Versarien'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.


Versarien's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Versarien's Receivables Turnover distribution charts can be found below:

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



Versarien Receivables Turnover Calculation

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

Versarien's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=6.743 / ((3.37 + 1.283) / 2 )
=6.743 / 2.3265
=2.90

Versarien's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1.7 / ((1.283 + 1.936) / 2 )
=1.7 / 1.6095
=1.06

* 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.


Versarien  (OTCPK:VRSRF) 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.


Versarien Receivables Turnover Related Terms

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Versarien Business Description

Traded in Other Exchanges
Address
Monmouth Road, Units 1A-D, Longhope Business Park, Longhope, Gloucestershire, GBR, GL17 0QZ
Versarien PLC is an IP-led advanced engineering materials group that utilizes proprietary technology to create innovative new engineering solutions. The business activities of the group function through Graphene and Plastic Products and Hard Wear and Metallic Product segments. Graphene and Plastic Products focused on delivering graphene solutions through plastics and carbon fibre composites, and Hard Wear and Metallic Products focused on delivering aluminium and tungsten carbide products. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.

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