Oakridge International (ASX:OAK) Receivables Turnover : 4.12 (As of Dec. 2023)

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What is Oakridge International 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. Oakridge International's Revenue for the six months ended in Dec. 2023 was A$0.34 Mil. Oakridge International's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.08 Mil. Hence, Oakridge International's Receivables Turnover for the six months ended in Dec. 2023 was 4.12.

Oakridge International Receivables Turnover Historical Data

The historical data trend for Oakridge International'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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Oakridge International Receivables Turnover Chart

Oakridge International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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9.29

12.96

7.19

3.81

12.77

Oakridge International 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															1.88	3.32	4.94	8.02	4.12

Competitive Comparison of Oakridge International's Receivables Turnover

For the Health Information Services subindustry, Oakridge International'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.

Oakridge International's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oakridge International's Receivables Turnover distribution charts can be found below:

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

Oakridge International Receivables Turnover Calculation

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

Oakridge International'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 )
=	1.098	/ (	(0.08	+	0.092)	/	2 )
=	1.098	/	0.086
=	12.77

Oakridge International'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 )
=	0.344	/ (	(0.092	+	0.075)	/	2 )
=	0.344	/	0.0835
=	4.12

Oakridge International (ASX:OAK) 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.

Oakridge International Receivables Turnover Related Terms

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Oakridge International (ASX:OAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oakridge International Ltd (ASX:OAK) » Definitions » Receivables Turnover

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U9O0:Germany

Address

89 Pirie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.oakridgeint.com

Oakridge International Ltd is an Australian ax (IoT) technology business. It has developed revolutionary technology that allows anyone using their smartphone to connect and control electronic devices, embedded with ADRC (Auto Discovery Remote Control). It serves consumers, manufacturers, retailers, and data centers, as well as the healthcare sector. The company has four operating segments: Technology development, Healthcare technology, Geothermal projects, and Corporate. Geographically, it operates within Australia.