Wise (WPLCF) Receivables Turnover : 2.75 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Wise 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. Wise's Revenue for the six months ended in Sep. 2024 was $1,181 Mil. Wise's average Accounts Receivable for the six months ended in Sep. 2024 was $429 Mil. Hence, Wise's Receivables Turnover for the six months ended in Sep. 2024 was 2.75.

Wise Receivables Turnover Historical Data

The historical data trend for Wise'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.

Wise Receivables Turnover Chart

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

4.15

9.27

9.71

9.80

8.37

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial						4.41	4.96	2.80	2.67	2.75

Competitive Comparison of Wise's Receivables Turnover

For the Information Technology Services subindustry, Wise'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.

Wise's Receivables Turnover Distribution in the Software Industry

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

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

Save Embed

;

Save Embed

;

Wise Receivables Turnover Calculation

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

Wise'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 )
=	1953.24	/ (	(152.791	+	313.977)	/	2 )
=	1953.24	/	233.384
=	8.37

Wise'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 )
=	1180.688	/ (	(313.977	+	544.18)	/	2 )
=	1180.688	/	429.0785
=	2.75

Wise (OTCPK:WPLCF) 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.

Wise Receivables Turnover Related Terms

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

Wise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (OTCPK:WPLCF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WIZEY:USA WISEl:UK WISE:UK 6WS:Germany

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

Wise PLC is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.