Prestal Holdings (ASX:PTL) Receivables Turnover : 1.35 (As of Dec. 2023)

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What is Prestal 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. Prestal Holdings's Revenue for the six months ended in Dec. 2023 was A$16.77 Mil. Prestal Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$12.40 Mil. Hence, Prestal Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.35.

Prestal Holdings Receivables Turnover Historical Data

The historical data trend for Prestal 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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Prestal Holdings Receivables Turnover Chart

Prestal Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.49

6.75

7.30

7.64

7.09

Prestal Holdings 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															4.73	3.33	4.23	3.44	1.35

Competitive Comparison of Prestal Holdings's Receivables Turnover

For the Household & Personal Products subindustry, Prestal 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.

Prestal Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Prestal Holdings's Receivables Turnover distribution charts can be found below:

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

Prestal Holdings Receivables Turnover Calculation

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

Prestal Holdings'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 )
=	115.261	/ (	(16.677	+	15.829)	/	2 )
=	115.261	/	16.253
=	7.09

Prestal Holdings'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 )
=	16.772	/ (	(15.829	+	8.961)	/	2 )
=	16.772	/	12.395
=	1.35

Prestal Holdings (ASX:PTL) 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.

Prestal Holdings Receivables Turnover Related Terms

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Prestal Holdings (ASX:PTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prestal Holdings Ltd (ASX:PTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

390 St. Kilda Road, Level 17, Melbourne, VIC, AUS, 3004

Website

https://www.pental.com.au

Prestal Holdings Ltd Formerly Pental Ltd is an Australian company engaged in manufacturing and distributing personal care and home products. Geographically, it derives a majority of revenue from Australia and also has a presence in New Zealand and Asia. Some of its brands include White King, Country Life, Janola, Softly, Jiffy, and more. The company has three segments, Owned brands, contracted brands, and Hampers with Bite. The company generates the majority of its revenue from the Owned brands.

Prestal Holdings (ASX:PTL) Headlines

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