EQT Holdings (ASX:EQT) Receivables Turnover : 3.67 (As of Dec. 2023)

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What is EQT 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. EQT Holdings's Revenue for the six months ended in Dec. 2023 was A$81.2 Mil. EQT Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$22.1 Mil. Hence, EQT Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.67.

EQT Holdings Receivables Turnover Historical Data

The historical data trend for EQT 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.

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EQT Holdings Receivables Turnover Chart

EQT Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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16.54

16.50

13.20

13.64

11.73

EQT Holdings 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															4.33	4.48	3.78	3.69	3.67

Competitive Comparison of EQT Holdings's Receivables Turnover

For the Asset Management subindustry, EQT 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.

EQT Holdings's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, EQT Holdings's Receivables Turnover distribution charts can be found below:

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

EQT Holdings Receivables Turnover Calculation

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

EQT Holdings'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 )
=	135.8	/ (	(7.272	+	15.886)	/	2 )
=	135.8	/	11.579
=	11.73

EQT Holdings'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 )
=	81.181	/ (	(15.886	+	28.312)	/	2 )
=	81.181	/	22.099
=	3.67

EQT Holdings (ASX:EQT) 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.

EQT Holdings Receivables Turnover Related Terms

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EQT Holdings (ASX:EQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EQT Holdings Ltd (ASX:EQT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

575 Bourke Street, Level 1, Melbourne, VIC, AUS, 3000

Website

https://www.eqt.com.au

EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee and Wealth Services and SuperannuationTrustee Services. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.