Flexiroam (ASX:FRX) Receivables Turnover : 17.22 (As of Dec. 2023)

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What is Flexiroam 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. Flexiroam's Revenue for the six months ended in Dec. 2023 was A$7.47 Mil. Flexiroam's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.28 Mil. Hence, Flexiroam's Receivables Turnover for the six months ended in Dec. 2023 was 26.88.

Flexiroam Receivables Turnover Historical Data

The historical data trend for Flexiroam'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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Flexiroam Receivables Turnover Chart

Flexiroam Annual Data

Trend

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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31.29

30.87

18.46

40.31

94.73

Flexiroam Semi-Annual Data
	Jun15	Dec15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												15.43	38.38	41.64	44.80	17.22

Competitive Comparison of Flexiroam's Receivables Turnover

For the Telecom Services subindustry, Flexiroam'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.

Flexiroam's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Flexiroam's Receivables Turnover distribution charts can be found below:

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

Flexiroam Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	8.905	/ (	(0.066	+	0.122)	/	2 )
=	8.905	/	0.094
=	94.73

Flexiroam'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: Mar. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7.472	/ (	(0.122	+	0.434)	/	2 )
=	7.472	/	0.278
=	26.88

Flexiroam (ASX:FRX) 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.

Flexiroam Receivables Turnover Related Terms

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Flexiroam (ASX:FRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Flexiroam Ltd (ASX:FRX) » Definitions » Receivables Turnover

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Address

No. 6, Jalan SS21/37, Damansara Utama, Lot 4-401 & 4-402, Level 4, The Starling Mall, Petaling Jaya, SGR, MYS, 47400

Website

https://www.flexiroam.com

Flexiroam Ltd is a virtual network operator that offers voice and data roaming services across the globe. The operating segment includes Travel and Solution. Their product line includes Flexiroam App and Flexiroam X. Corporate sales generate maximum revenue for the company.