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Fire & Gas Detection Technologies (XTAE:FGAS) Receivables Turnover : 5.38 (As of Dec. 2024)


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What is Fire & Gas Detection Technologies 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. Fire & Gas Detection Technologies's Revenue for the six months ended in Dec. 2024 was ₪19.34 Mil. Fire & Gas Detection Technologies's average Accounts Receivable for the six months ended in Dec. 2024 was ₪3.59 Mil. Hence, Fire & Gas Detection Technologies's Receivables Turnover for the six months ended in Dec. 2024 was 5.38.


Fire & Gas Detection Technologies Receivables Turnover Historical Data

The historical data trend for Fire & Gas Detection Technologies'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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Fire & Gas Detection Technologies Receivables Turnover Chart

Fire & Gas Detection Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 8.96 9.69 8.06 8.50 9.50

Fire & Gas Detection Technologies Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.86 4.53 4.11 3.72 5.38

Competitive Comparison of Fire & Gas Detection Technologies's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Fire & Gas Detection Technologies'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.


Fire & Gas Detection Technologies's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fire & Gas Detection Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fire & Gas Detection Technologies's Receivables Turnover falls into.


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Fire & Gas Detection Technologies Receivables Turnover Calculation

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

Fire & Gas Detection Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=34.665 / ((4.177 + 3.12) / 2 )
=34.665 / 3.6485
=9.50

Fire & Gas Detection Technologies's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=19.336 / ((4.067 + 3.12) / 2 )
=19.336 / 3.5935
=5.38

* 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.


Fire & Gas Detection Technologies  (XTAE:FGAS) 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.


Fire & Gas Detection Technologies Receivables Turnover Related Terms

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Fire & Gas Detection Technologies Business Description

Traded in Other Exchanges
N/A
Address
Kibbutz Bror Hayil, Ashkelon Beach, Ashkelon, ISR, 693709
Fire & Gas Detection Technologies Ltd is engaged in the business of providing flame detection systems to the Oil & Gas industry.

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