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K2 Asset Management Holdings (ASX:KAM) Receivables Turnover : 3.98 (As of Dec. 2024)


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What is K2 Asset Management 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. K2 Asset Management Holdings's Revenue for the six months ended in Dec. 2024 was A$2.44 Mil. K2 Asset Management Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.61 Mil. Hence, K2 Asset Management Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 3.98.


K2 Asset Management Holdings Receivables Turnover Historical Data

The historical data trend for K2 Asset Management 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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K2 Asset Management Holdings Receivables Turnover Chart

K2 Asset Management Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.82 3.76 1.40 3.51 9.76

K2 Asset Management Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 3.63 - 4.80 1.44 3.98

Competitive Comparison of K2 Asset Management Holdings's Receivables Turnover

For the Asset Management subindustry, K2 Asset Management 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.


K2 Asset Management Holdings's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, K2 Asset Management Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where K2 Asset Management Holdings's Receivables Turnover falls into.


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K2 Asset Management Holdings Receivables Turnover Calculation

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

K2 Asset Management Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=3.333 / ((0.239 + 0.444) / 2 )
=3.333 / 0.3415
=9.76

K2 Asset Management Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=2.437 / ((0.444 + 0.782) / 2 )
=2.437 / 0.613
=3.98

* 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.


K2 Asset Management Holdings  (ASX:KAM) 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.


K2 Asset Management Holdings Receivables Turnover Related Terms

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K2 Asset Management Holdings Business Description

Traded in Other Exchanges
N/A
Address
101 Collins Street, Level 44, Melbourne, VIC, AUS, 3000
K2 Asset Management Holdings Ltd is an Australia-based fund holding company specializing in managing funds for retail, wholesale, and institutional investors. The firm invests in the public equity markets across the globe. It manages equity mutual funds for its clients. The company gets a majority of its revenue from management and performance fees.

K2 Asset Management Holdings Headlines

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