Aeeris (ASX:AER) Receivables Turnover : 4.15 (As of Dec. 2023)

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What is Aeeris 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. Aeeris's Revenue for the six months ended in Dec. 2023 was A$1.37 Mil. Aeeris's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.33 Mil. Hence, Aeeris's Receivables Turnover for the six months ended in Dec. 2023 was 4.15.

Aeeris Receivables Turnover Historical Data

The historical data trend for Aeeris'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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Aeeris Receivables Turnover Chart

Aeeris Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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11.44

7.33

7.11

8.99

9.41

Aeeris Semi-Annual Data
	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													4.64	5.31	3.20	4.08	4.15

Competitive Comparison of Aeeris's Receivables Turnover

For the Software - Application subindustry, Aeeris'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.

Aeeris's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Aeeris's Receivables Turnover distribution charts can be found below:

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

Aeeris Receivables Turnover Calculation

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

Aeeris'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 )
=	2.579	/ (	(0.301	+	0.247)	/	2 )
=	2.579	/	0.274
=	9.41

Aeeris'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 )
=	1.369	/ (	(0.247	+	0.413)	/	2 )
=	1.369	/	0.33
=	4.15

Aeeris (ASX:AER) 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.

Aeeris Receivables Turnover Related Terms

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Aeeris (ASX:AER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeeris Ltd (ASX:AER) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

21 Longboard Circuit, Kingscliff, NSW, AUS, 2487

Website

https://www.aeeris.com

Aeeris Ltd is the developer, operator, and provider of the early warning network. It provides location-based safety, operations management, severe weather, and all hazards data and content services. Early Warning Network platform and proprietary GNIS technology system provides a range of critical services - Live data on natural and man-made hazards affecting its clients, applications to protect workers and assets, aerial and ground-based imaging of facilities and infrastructure, and digital tracking, mapping, and monitoring of assets and personnel. It also provides clients with specific digital alerts and other content in real-time regarding a range of disruptive geospatial events and others. The business operates in one segment and geographically in Australia.