Peoplein (ASX:PPE) Receivables Turnover : 5.47 (As of Dec. 2023)

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What is Peoplein 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. Peoplein's Revenue for the six months ended in Dec. 2023 was A$602 Mil. Peoplein's average Accounts Receivable for the six months ended in Dec. 2023 was A$110 Mil. Hence, Peoplein's Receivables Turnover for the six months ended in Dec. 2023 was 5.47.

Peoplein Receivables Turnover Historical Data

The historical data trend for Peoplein'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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Peoplein Receivables Turnover Chart

Peoplein Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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9.77

11.38

8.64

8.37

12.83

Peoplein Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								4.25	4.23	5.42	5.42	5.47

Competitive Comparison of Peoplein's Receivables Turnover

For the Staffing & Employment Services subindustry, Peoplein'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.

Peoplein's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Peoplein's Receivables Turnover distribution charts can be found below:

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

Peoplein Receivables Turnover Calculation

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

Peoplein'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 )
=	1182.749	/ (	(93.216	+	91.211)	/	2 )
=	1182.749	/	92.2135
=	12.83

Peoplein'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 )
=	602.024	/ (	(91.211	+	129.097)	/	2 )
=	602.024	/	110.154
=	5.47

Peoplein (ASX:PPE) 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.

Peoplein Receivables Turnover Related Terms

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Peoplein (ASX:PPE) Business Description

Industry

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Address

540 Wickham Street, Level 6, Fortitude Valley, QLD, AUS, 4006

Website

https://www.peoplein.com.au

Peoplein Ltd is a workforce management company. It delivers solutions to the workforce challenges faced by businesses in Australia. It provides recruiting, on-boarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management. It also operates in disability care, childcare, infrastructure, mining, agriculture, and hospitality. It also operates under Health and Community Care, Information Technology and General Staffing, and Specialist Services. The Group segments the business into three verticals, Industrial and Specialist Services, Professional Services and Health and Community. The Group generates the majority of its revenue from Industrial and Specialist Services.

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