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ASF Group (ASX:AFA) Receivables Turnover : 0.81 (As of Dec. 2023)


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What is ASF Group 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. ASF Group's Revenue for the six months ended in Dec. 2023 was A$0.43 Mil. ASF Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.53 Mil. Hence, ASF Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.81.


ASF Group Receivables Turnover Historical Data

The historical data trend for ASF Group'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.

ASF Group Receivables Turnover Chart

ASF Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.77 22.71 37.29 14.47 5.83

ASF Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 10.27 4.16 1.16 3.24 0.81

Competitive Comparison of ASF Group's Receivables Turnover

For the Capital Markets subindustry, ASF Group'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.


ASF Group's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ASF Group's Receivables Turnover distribution charts can be found below:

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



ASF Group Receivables Turnover Calculation

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

ASF Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=0.976 / ((0.263 + 0.072) / 2 )
=0.976 / 0.1675
=5.83

ASF Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.427 / ((0.072 + 0.979) / 2 )
=0.427 / 0.5255
=0.81

* 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.


ASF Group  (ASX:AFA) 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.


ASF Group Receivables Turnover Related Terms

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ASF Group (ASX:AFA) Business Description

Traded in Other Exchanges
N/A
Address
3B Macquarie Street, Suite 2, Sydney, NSW, AUS, 2000
ASF Group Ltd is an investment and trading house. The company focuses on the identification, incubation, and realisation of opportunities in areas of synergy between China, Australia, the UK and Europe including oil and gas, resources, property, infrastructure, travel and financial services sectors. The company operates in only one segment, being an investment and trading house. Substantial revenue is generated from corporate services. Geographically it derives key revenue from Australia from the Interests income.

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