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Omni Bridgeway (ASX:OBL) Receivables Turnover : 0.56 (As of Dec. 2023)


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What is Omni Bridgeway 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. Omni Bridgeway's Revenue for the six months ended in Dec. 2023 was A$57.8 Mil. Omni Bridgeway's average Accounts Receivable for the six months ended in Dec. 2023 was A$103.0 Mil. Hence, Omni Bridgeway's Receivables Turnover for the six months ended in Dec. 2023 was 0.56.


Omni Bridgeway Receivables Turnover Historical Data

The historical data trend for Omni Bridgeway'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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Omni Bridgeway Receivables Turnover Chart

Omni Bridgeway 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 - 2.01 1.14 0.52 0.56

Omni Bridgeway 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 0.32 0.21 0.08 0.52 0.56

Competitive Comparison of Omni Bridgeway's Receivables Turnover

For the Credit Services subindustry, Omni Bridgeway'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.


Omni Bridgeway's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Omni Bridgeway's Receivables Turnover distribution charts can be found below:

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



Omni Bridgeway Receivables Turnover Calculation

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

Omni Bridgeway'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 )
=57.154 / ((101.448 + 101.929) / 2 )
=57.154 / 101.6885
=0.56

Omni Bridgeway'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 )
=57.842 / ((101.929 + 103.989) / 2 )
=57.842 / 102.959
=0.56

* 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.


Omni Bridgeway  (ASX:OBL) 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.


Omni Bridgeway Receivables Turnover Related Terms

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Omni Bridgeway (ASX:OBL) Business Description

Traded in Other Exchanges
Address
35 Clarence Street, Level 7, Sydney, NSW, AUS, 2000
Omni Bridgeway Ltd investigates, manages, and funds litigation claims in Australia. The company's practice areas include commercial litigation, funding for insolvency, class actions, and arbitration. Its operating segment includes Corporate; Fund 1; Fund 2 and 3; Fund 4; Fund 5 and Fund 6. The company generates maximum revenue from the Corporate segment. Geographically, it derives a majority of its revenue from Europe.

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