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Perpetual (ASX:PPT) Receivables Turnover : 3.19 (As of Dec. 2023)


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What is Perpetual 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. Perpetual's Revenue for the six months ended in Dec. 2023 was A$640 Mil. Perpetual's average Accounts Receivable for the six months ended in Dec. 2023 was A$201 Mil. Hence, Perpetual's Receivables Turnover for the six months ended in Dec. 2023 was 3.19.

Perpetual Receivables Turnover Historical Data

The historical data trend for Perpetual'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.

* Premium members only.

Perpetual Receivables Turnover Chart

Perpetual 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 5.42 5.37 6.14 6.35 6.35

Perpetual 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 2.88 2.85 3.00 3.79 3.19

Competitive Comparison of Perpetual's Receivables Turnover

For the Asset Management subindustry, Perpetual'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.

Perpetual's Receivables Turnover Distribution in the Asset Management Industry

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

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


Perpetual Receivables Turnover Calculation

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

Perpetual'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 )
=995.6 / ((120.4 + 193.1) / 2 )
=995.6 / 156.75
=6.35

Perpetual'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 )
=640.2 / ((193.1 + 208) / 2 )
=640.2 / 200.55
=3.19

* 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.

Perpetual  (ASX:PPT) 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.

Perpetual Receivables Turnover Related Terms

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Perpetual (ASX:PPT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Perpetual Ltd (ASX:PPT) » Definitions » Receivables Turnover
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ASX:PNI ASX:MXT ASX:MFF ASX:WAM ASX:MFG ASX:WLE ASX:IFL ASX:BKI ASX:AUI ASX:DUI BLK BX KKR OSTO:INVE A APO TSX:BN AMP BK OSTO:EQT XSWX:PGHN
Traded in Other Exchanges
PPTTF:USA PVQ:Germany
Address
123 Pitt Street, Level 18, Angel Place, Sydney, NSW, AUS, 2000
Website
https://www.perpetual.com.au
Perpetual is one of Australia's oldest financial services firms, founded in 1886. It has three operating segments, with the investments business being the main earnings generator. It is an active manager of listed assets. Perpetual also provides financial planning services to high-net-worth clients via its private segment. In its trust segment, it provides outsourced responsible entity services to funds, as well as custodial and trustee services in the debt capital markets, particularly in securitization issuances.