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Shine Justice (ASX:SHJ) Receivables Turnover : 7.72 (As of Dec. 2023)


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What is Shine Justice 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. Shine Justice's Revenue for the six months ended in Dec. 2023 was A$99.2 Mil. Shine Justice's average Accounts Receivable for the six months ended in Dec. 2023 was A$12.9 Mil. Hence, Shine Justice's Receivables Turnover for the six months ended in Dec. 2023 was 7.72.


Shine Justice Receivables Turnover Historical Data

The historical data trend for Shine Justice'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.

Shine Justice Receivables Turnover Chart

Shine Justice 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 17.93 16.32 15.12 15.41 17.03

Shine Justice 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 7.99 7.95 7.75 9.03 7.72

Competitive Comparison of Shine Justice's Receivables Turnover

For the Personal Services subindustry, Shine Justice'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.


Shine Justice's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shine Justice's Receivables Turnover distribution charts can be found below:

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



Shine Justice Receivables Turnover Calculation

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

Shine Justice'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 )
=228.547 / ((14.363 + 12.481) / 2 )
=228.547 / 13.422
=17.03

Shine Justice'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 )
=99.185 / ((12.481 + 13.226) / 2 )
=99.185 / 12.8535
=7.72

* 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.


Shine Justice  (ASX:SHJ) 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.


Shine Justice Receivables Turnover Related Terms

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Shine Justice (ASX:SHJ) Business Description

Traded in Other Exchanges
N/A
Address
160 Ann Street, Level 13, Brisbane, QLD, AUS, 4000
Shine Justice Ltd offers legal services. It operates through the following business: Personal injury and New Practice Areas. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents; worker's compensation; public liability and catastrophic injuries.

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