Prospa Group (ASX:PGL) Receivables Turnover : 0.17 (As of Dec. 2023)

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What is Prospa 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. Prospa Group's Revenue for the six months ended in Dec. 2023 was A$137.4 Mil. Prospa Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$788.7 Mil. Hence, Prospa Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.17.

Prospa Group Receivables Turnover Historical Data

The historical data trend for Prospa 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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Prospa Group Receivables Turnover Chart

Prospa Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

0.54

0.56

0.35

0.30

0.34

Prospa Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						0.16	0.16	0.17	0.17	0.17

Competitive Comparison of Prospa Group's Receivables Turnover

For the Credit Services subindustry, Prospa 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.

Prospa Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Prospa Group's Receivables Turnover distribution charts can be found below:

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

Prospa Group Receivables Turnover Calculation

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

Prospa 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 )
=	267.589	/ (	(701.329	+	862.223)	/	2 )
=	267.589	/	781.776
=	0.34

Prospa 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 )
=	137.371	/ (	(862.223	+	715.113)	/	2 )
=	137.371	/	788.668
=	0.17

Prospa Group (ASX:PGL) 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.

Prospa Group Receivables Turnover Related Terms

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Prospa Group (ASX:PGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prospa Group Ltd (ASX:PGL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16 Yurong Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.prospa.com

Prospa Group Ltd is engaged in the design, building and utilizing cloud-based data-rich and API-ended technologies to deliver seamless customer experiences for the small business. It uses third-party software and service providers as the core component of the technology platform. The company's technological innovation includes Customer experience, Credit Decision Engine, Partner Technical Solutions, and Internal Workflow and Automation.

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