GWA Group (GWA Group) Receivables Turnover : 3.93 (As of Dec. 2023)

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What is GWA Group 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. GWA Group's Revenue for the six months ended in Dec. 2023 was $137.9 Mil. GWA Group's average Accounts Receivable for the six months ended in Dec. 2023 was $35.1 Mil. Hence, GWA Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.93.

GWA Group Receivables Turnover Historical Data

The historical data trend for GWA Group'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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GWA Group Receivables Turnover Chart

GWA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.73

6.30

7.65

6.46

6.23

GWA Group 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															3.80	3.72	3.23	3.53	3.93

Competitive Comparison of GWA Group's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, GWA Group'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.

GWA Group's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, GWA Group's Receivables Turnover distribution charts can be found below:

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

GWA Group Receivables Turnover Calculation

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

GWA Group'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 )
=	276.403	/ (	(48.689	+	40.068)	/	2 )
=	276.403	/	44.3785
=	6.23

GWA Group'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 )
=	137.863	/ (	(40.068	+	30.146)	/	2 )
=	137.863	/	35.107
=	3.93

GWA Group (OTCPK:GWAXY) 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.

GWA Group Receivables Turnover Related Terms

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GWA Group (GWA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » GWA Group Ltd (OTCPK:GWAXY) » Definitions » Receivables Turnover

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GWA:Australia

Address

188 Holt Street, Building 3B, Pinkenba, Brisbane, QLD, AUS, 4008

Website

https://www.gwagroup.com.au

GWA Group Ltd is a leading Australian designer of sanitary-ware and bathroom fittings, having undergone a significant divestment program to focus solely on front-of-wall bathroom and kitchen fittings markets. GWA's portfolio of brands includes Caroma, Dorf, Fowler, and Clark, with Caroma, in particular, enjoying the long history and high brand awareness in the Australian market. As part of GWA's efforts to reorient the business toward water supply solutions, the acquisition of Methven--a leading New Zealand shower and bathroom fittings manufacturer--was completed in April 2019.

GWA Group (GWA Group) Headlines

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