PRL Global (ASX:PRG) Receivables Turnover : 3.50 (As of Dec. 2023)

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What is PRL Global 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. PRL Global's Revenue for the six months ended in Dec. 2023 was A$641 Mil. PRL Global's average Accounts Receivable for the six months ended in Dec. 2023 was A$183 Mil. Hence, PRL Global's Receivables Turnover for the six months ended in Dec. 2023 was 3.50.

PRL Global Receivables Turnover Historical Data

The historical data trend for PRL Global'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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PRL Global Receivables Turnover Chart

PRL Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.79

4.58

4.80

5.56

6.61

PRL Global 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															3.06	2.43	3.28	3.01	3.50

Competitive Comparison of PRL Global's Receivables Turnover

For the Integrated Freight & Logistics subindustry, PRL Global'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.

PRL Global's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PRL Global's Receivables Turnover distribution charts can be found below:

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

PRL Global Receivables Turnover Calculation

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

PRL Global'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 )
=	1150.097	/ (	(159.439	+	188.71)	/	2 )
=	1150.097	/	174.0745
=	6.61

PRL Global'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 )
=	640.981	/ (	(188.71	+	177.94)	/	2 )
=	640.981	/	183.325
=	3.50

PRL Global (ASX:PRG) 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.

PRL Global Receivables Turnover Related Terms

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PRL Global (ASX:PRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PRL Global Ltd (ASX:PRG) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

6 Thorogood Street, Burswood, Perth, WA, AUS, 6100

Website

https://www.prlgroup.com.au

PRL Global Ltd Formerly CI Resources Ltd. is a diversified industrial company. Its core business is in providing phosphate rock to primarily South-east Asian markets. The operating segments of the company include Fertilizer, Farming, and Logistics. The majority of the group's revenue is generated by the logistics division. The Logistics operating segment primarily involves trading, importing, and exporting commodities. It operates in the following geographic areas: Australia, Malaysia, and Singapore. Geographically, the company receives maximum revenue from Australia.